I have a few guys I went to B-school with that work for Bernstein Wealth Mgmt. They collectively will boldly say that the Dow will top 18K before Obama leaves office and be over 20K before the decade ends.
Is Dow weighted for number of shares per Dow stock in portfolio (like that of the S&P 500)?
Sequestration and Govt. Shutdown have doomed the economy.
Economy has nothing to do with it. As long as the money keeps flowing and interest rates are so low that investors are chasing yield, the indices will continue to rise. We may even hit 16000 by the first of dec.
quote:given that McEDees doesn't even have a true dollar menu, what does 16,000 really mean anyway.
Does the Dow hit 16000 in 2013?