Dow 30,000 Projections–again?

///Dow 30,000 Projections–again?

Dow 30,000 Projections–again?

By | 2017-01-18T13:16:18+00:00 September 23rd, 2014|Uncategorized|5 Comments
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(Last Updated On: January 18, 2017)

We were all chatting in the office today making fun of our own predictions and the predictions of others. The conversation quickly turned to the ridiculous Dow Jones Index projections that were being discussed in the late ’90s.

Remarkably, Dow 30,000 projections are still in vogue (see below).

First an example of a 1999 Dow projection:

Back in July 1999, Fayez Sarofim saw a 30,000 Dow in 2007.

And why not? The charts all pointed up:

dow1

Dow Index 03/1994 – 07/19/1999

Now a more recent projection:

Last year there was another 30,000 prediction for 2023.
And why not? The charts all point up:
dow2

Dow Index 03/2009 – 09/2014

We’re gonna throw our projection out there:

Dow 1,000,000 by 2100.


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About the Author:

After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.