The only way the Dow hits 21,000 in four years is if stock buyers become even much more irrational than they already are. I suppose that’s theoretically possible. It’s also theoretically possible that either George W. Bush or Vladimir Putin will win a Nobel Peace Prize.
At some point before 21,000, enough people will either start flinging out honest questions, or simply saying “Whoa,” to keep a mega-bubble from getting to ridiculousness.
Or the Chinese will move enough money to euros. Or OPEC will.
Markman says the Dow will hit 21K if it just performs as well as the Dow utilities or transportation indexes.
Well, I suspect the utilities index has been inflated by privatization. A slowdown, if not a stop, to that, plus more global warming worries, will spike utilities in the future, I wouldn’t doubt.
Transport stocks will be jumbled by oil price confusion in coming years.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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