Well, that didn’t take long. Some of the major indices were able to push slightly above prior highs and the bulls are out in force. Calling for all sort of crazy high targets. Case and point….
-
- The Dow Jones Industrial Average reaching 40,000 was a milestone for investors last week, but a top Wall Street forecaster sees even bigger gains ahead, thanks to earnings.
- Yardeni Research’s chief investment strategist, Ed Yardeni, told clients in a note that the index DJIA was on track for a 50% rise to 60,000 by 2030, and the S&P 500 SPX could see a rise to 8,000. The Dow closed above 40,000 for the first time ever on Friday.
-
- “Finally, large-caps should continue to outperform small-caps given stronger earnings revisions, more durable margin profiles, and healthier balance sheets.”
Interesting. But perhaps the picture above is just as good of an analysis.
Meanwhile, if you would like to find out what the stock market will do next, in both price and time, please Click Here.