Dow 30,000

Discussion in 'Off-Topic' started by RonBurgundy, Jul 11, 2019.

?

Poll: Dow 30,000

  1. By End of This Year

    15 vote(s)
    10.6%
  2. 1st Half 2020

    24 vote(s)
    16.9%
  3. 2nd Half 2020

    21 vote(s)
    14.8%
  4. 2021 - 2022

    18 vote(s)
    12.7%
  5. Won't Hit It In Next 3 Years, Recession Will Knock It Back

    64 vote(s)
    45.1%
  1. RonBurgundy

    RonBurgundy Well-Known Member
    SuperFanatic SuperFanatic T2

    Oct 5, 2017
    964
    428
    63
    Male
    Ratings:
    +1,724 / 50 / -1
    With Dow crossing 27,000 today, only 11% away from 30,000. Projections?
     
  2. DurangoCy

    DurangoCy Well-Known Member

    Jul 5, 2010
    5,319
    699
    113
    Male
    Durango, CO
    Ratings:
    +2,643 / 86 / -0
    This train is rolling, choo choo.
     
  3. SCNCY

    SCNCY Well-Known Member

    Sep 11, 2009
    3,210
    266
    83
    La Fox, IL
    Ratings:
    +1,263 / 61 / -1
    I think a recession is coming. Won't be as bad as 2008-2010, but the economy has been booming for too long and probably needs to cool off a bit.
     
    • Agree Agree x 5
    • Disagree Disagree x 3
    • Funny Funny x 1
    • Winner Winner x 1
  4. Beyerball

    Beyerball Well-Known Member

    Jun 18, 2013
    5,210
    525
    113
    Sales
    Texas
    Ratings:
    +3,116 / 356 / -6
    Be prepared... several high level analysts who have predicted a lot of market moves past 20 years think Dow will reach 40,000 within next 3-4 years and then....BOOM..
     
    • Like Like x 1
  5. internetman

    internetman Well-Known Member

    Aug 21, 2012
    4,684
    889
    113
    fried morels and fine hotels
    Ratings:
    +4,404 / 192 / -44
    wow. i am very wealthy now
     
    • Winner Winner x 1
  6. isuno1fan

    isuno1fan Well-Known Member

    Mar 30, 2006
    20,358
    753
    113
    Clive, Iowa
    Ratings:
    +2,821 / 754 / -189
    Most economists disagree. They projected a slowdown in the economy this year (2nd half), but see growth continuing for several years yet.
    We had a well known economist speak to us in Feb and he felt things would be good until 2030. He said if you aren’t retired by 2030, you are screwed. If you will be retired by then, you will be ok.
     
    • Like Like x 1
  7. JP4CY

    JP4CY Well-Known Member
    SuperFanatic

    Dec 19, 2008
    22,814
    3,809
    113
    Testifying
    Ratings:
    +17,515 / 431 / -1
    Not sure if you listen to kxno Morning Rush but they had Beer with Bruno today. Bruno said you can tell how the economy is doing a lot by restaurant openings/closures/and business level and he mentioned there have been more closings than you'd think.
     
  8. JP4CY

    JP4CY Well-Known Member
    SuperFanatic

    Dec 19, 2008
    22,814
    3,809
    113
    Testifying
    Ratings:
    +17,515 / 431 / -1
    Where do you work at (you can be general) and who was the economist?
    Just curious.
     
  9. motorcy90

    motorcy90 Active Member

    Aug 12, 2018
    648
    133
    43
    Male
    Wind Tech
    Iowa
    Ratings:
    +563 / 105 / -33
    lets keep it going....
    See if I can replace the money I pulled out of mutual funds for stuff around the house..
     
    • Like Like x 1
  10. Doc

    Doc Comrade Laski
    SuperFanatic SuperFanatic T2

    Aug 6, 2006
    32,976
    4,240
    113
    Male
    Denver, CO
    Ratings:
    +18,021 / 775 / -13
    [​IMG]
     
    • Like Like x 1
    • Agree Agree x 1
  11. Sigmapolis

    Sigmapolis Well-Known Member
    SuperFanatic SuperFanatic T2

    Aug 10, 2011
    14,493
    4,375
    113
    Male
    Washington, DC
    Ratings:
    +16,308 / 1,008 / -1
    The various leading indicators of macro performance are pretty solid through 2020 and 2021 -- no sort of spectacular 4% sort of growth, but at least chugging along at 2%.

    I do not know when that translates to 30,000 in the DJIA, however.
     
    • Informative Informative x 1
  12. ClonesFTW

    ClonesFTW Well-Known Member
    SuperFanatic

    Nov 13, 2013
    1,846
    475
    83
    Male
    Finance/Sales
    Waukee
    Ratings:
    +2,414 / 93 / -4
    Flip a quarter, your odds are as good as the "experts" that predicted rates would go up in 2019.
     
    • Agree Agree x 5
    • Winner Winner x 1
    • Informative Informative x 1
  13. isuno1fan

    isuno1fan Well-Known Member

    Mar 30, 2006
    20,358
    753
    113
    Clive, Iowa
    Ratings:
    +2,821 / 754 / -189
    I work for a global company that does factory automation. The economist was Brian Beaulieu, CEO of ITR Economics.
     
    • Informative Informative x 3
    • Like Like x 2
  14. Cyclonepride

    Cyclonepride Thought Police
    Staff Member

    Apr 11, 2006
    84,385
    8,893
    113
    Male
    Sales and marketing
    A pineapple under the sea
    Ratings:
    +37,613 / 1,830 / -155
    The trajectory of the market is probably more closely tied to what central banks do or are expected to do than most other reasons.
     
    • Agree Agree x 2
  15. cyfan92

    cyfan92 Well-Known Member

    Sep 20, 2011
    1,315
    435
    83
    Male
    Augusta National Golf Club
    Ratings:
    +1,699 / 156 / -5
    I just don't see a recession happening within the next 2 years. WAY too much dry powder, RECORD low unemployment, falling interest rates, consmer confidence is falling but still above 100, election years are almost always good for the stock market, wages are rising at the highest rate of this expansion.

    Trade war is soo political. Trump will reach a deal just in time for voting.

    Corporations having too much debt on their balance sheets would be my 1 concern. But with Powell expected to start lowering interest rates. They can just refi at the same low rates and kick the can down the road
     
  16. Jacktronic

    Jacktronic Well-Known Member
    SuperFanatic

    Dec 16, 2013
    2,858
    316
    83
    Male
    Kansas City, MO
    Ratings:
    +1,484 / 44 / -3
    It can't go tits up.
     
    • Funny Funny x 1
    • Optimistic Optimistic x 1
  17. Gunnerclone

    Gunnerclone Well-Known Member

    Jul 16, 2010
    33,229
    5,101
    113
    Cheddar Production
    DSM
    Ratings:
    +25,395 / 1,385 / -36
    Does everyone see what’s happening here?
     
    • Agree Agree x 1
  18. Prone2Clone

    Prone2Clone Well-Known Member

    Oct 20, 2006
    6,305
    877
    113
    Male
    Ratings:
    +3,182 / 33 / -0
    [​IMG]
     
  19. VeloClone

    VeloClone Well-Known Member

    Jan 19, 2010
    32,581
    4,753
    113
    Male
    Brooklyn Park, MN
    Ratings:
    +16,071 / 235 / -2
    I remember when there was a big watch for the Dow crossing 10,000 and it doesn't seem that long ago. I feel old.
     
    • Agree Agree x 3
  20. Cyclones_R_GR8

    Cyclones_R_GR8 Well-Known Member
    SuperFanatic SuperFanatic T2

    Feb 10, 2007
    13,972
    4,098
    113
    Omaha
    Ratings:
    +12,663 / 159 / -1
    I believe it was on St Patrick's Day 1999
     

Share This Page