WTF is going on tonight? Tons of quality material around impossible to pass up.
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cbs.marketwatch.com
LOS ANGELES (CBS.MW) -- Another new record in the stock market. Oh hum. That still small voice in my head is saying loudly that the prediction made by Ralph Acampora, Prudential's head technician, will come true. Ralph predicted that the Dow will explode past 12,000 and hit 13,000 by New Year's Eve 1999. In short, the bull's still running hot.
More important, the near future looks even brighter. Remember, we recently quoted from Wired magazine that we're entering a golden age, a 20-year global economic boom: "At this particular moment in our history, the convergence of a demographic peak, a new global marketplace, vast technological opportunities, and a financial revolution will unleash two uninterrupted decades of growth," the magazine said. And that economic engine should propel us to even dizzier heights on the Dow, even though ultra conservative worry-warts dismiss these forecasts as pie-in-the-sky. Other predictions include:
· 15,000 by 2005: Deutsche Bank economist Ed Yardeni
· 18,500 by 2006: Prudential's chief technician, Ralph Acampora
· 21,200 by 2010: Sheldon Jacobs, No-Load Fund Investor
· 30,000 by 2010: Frank Jennings, Oppenheimer Funds
· 41,000 by 2008: Harry Dent, author of The Roaring 2000's
· 49,200 by 2013: Investor's Business Daily projection
· 100,000 by 2020: Charles Kadlec, strategist at Seligman & Co
· 120,400 by 2025: Roger Ibbotson, economist
· 153,000 by 2023: Investor's Business Daily again
· 400,000 by 2047: Kiplinger's magazine
·1,000,000 by 2050: MadDog, author of Thunderchicken Review (he he) |
