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Technology Stocks : AUTOHOME, Inc
ATHM 22.60+3.5%3:59 PM EST
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To: Jing Qian who wrote (13753)8/8/1999 9:28:00 AM
From: Mike Buckley  Read Replies (1) of 29970
 
They also predicted that DOW will reach 50,000 by 2005, and 100,000 by 2020.

Let's put that in perspective.

Assuming the Dow reaches those targets on today's date in those years, the first prediction results in a 29.3% average annual growth in a 6-year period. During the last 4 1/2 years (since Jan 1, 1995) the S&P 500 has had 25.4% annual growth.

The second prediction results in an 11.2% average annual growth during a 21-year period. For decades, the S&P 500 has grown 10% - 11%.

--Mike Buckley
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