I predict the Dow Jones Industrial Average will hit 100,000 by 2028 - 2030. To explain, let's first summarize trends of the last 100+ years of the Dow Jones:
1900 - 1954: Consolidation Rectangle
1954 - 1966: 12-Year Bull Market
1966 - 1982: 16-Year Consolidation Rectangle
1982 - 2000: 18-Year Bull Market
2000 - 2013: 13-Year Consolidation Rectangle
2013 - 20??: ??-Year Bull Market
So how long will the current bull market last? I believe the current bull market still has another 10 to 12 years, ultimately making this bull market a 15 to 17-year bull market. Of course, we will have corrections along the way; however, I expect this bull market to surge throughout the 2020s.
I believe the 2020s will be a revolutionary decade of new innovations and paradigm shifting ideas that will dramatically change the way we live. I don't know for sure what new technologies or trends will shape our future world, but I do believe this will cause a frenzy of average Joes (aka main street or dumb money) to pour into the market and inflate it to unsustainable heights.
Past examples of dumb money pouring into the markets are the 1920s, 1980s, 1990s, and mid-2000s. Of course, all of those bull runs eventually cumulated in a spectacular crash. If you look closely at the chart in 1995, there is an inflection point at which the chart starts to becomes steeper; that was the start of the dot-com bubble in which dumb money rushed in. I believe that an inflection event like that will occur sometime in the mid-2020s which will drive the stock market to euphoric heights.
Currently, there is not enough hysteria, FOMO (fear of missing out) or mass participation from the general public to suggest such an event in the near future; in fact, much of main street America has not benefited from this current bull market. Unless we get an event like the dot-com bubble or the housing bubble, in which the average Joe took on multiple mortgages because their friends and families were making money flipping houses, I think this bull market still has room to run. Right now, I believe it’s the institutional investors who are mostly driving up the stock market. Until I see more dumb money rushing in like the 1920s, 1980s, 1990s, and mid-2000s, I remain bullish on the overall stock market direction.
Of course, all euphoric bull markets must eventually come to an end, and I hope you all exit your positions richer.
For more details and technical analysis, check out my Stock Market Dow Jones Forecast 2018 video: m.youtube.com/watch?v=xU7mtVoH...
Good luck trading,
Eddy Yang
1900 - 1954: Consolidation Rectangle
1954 - 1966: 12-Year Bull Market
1966 - 1982: 16-Year Consolidation Rectangle
1982 - 2000: 18-Year Bull Market
2000 - 2013: 13-Year Consolidation Rectangle
2013 - 20??: ??-Year Bull Market
So how long will the current bull market last? I believe the current bull market still has another 10 to 12 years, ultimately making this bull market a 15 to 17-year bull market. Of course, we will have corrections along the way; however, I expect this bull market to surge throughout the 2020s.
I believe the 2020s will be a revolutionary decade of new innovations and paradigm shifting ideas that will dramatically change the way we live. I don't know for sure what new technologies or trends will shape our future world, but I do believe this will cause a frenzy of average Joes (aka main street or dumb money) to pour into the market and inflate it to unsustainable heights.
Past examples of dumb money pouring into the markets are the 1920s, 1980s, 1990s, and mid-2000s. Of course, all of those bull runs eventually cumulated in a spectacular crash. If you look closely at the chart in 1995, there is an inflection point at which the chart starts to becomes steeper; that was the start of the dot-com bubble in which dumb money rushed in. I believe that an inflection event like that will occur sometime in the mid-2020s which will drive the stock market to euphoric heights.
Currently, there is not enough hysteria, FOMO (fear of missing out) or mass participation from the general public to suggest such an event in the near future; in fact, much of main street America has not benefited from this current bull market. Unless we get an event like the dot-com bubble or the housing bubble, in which the average Joe took on multiple mortgages because their friends and families were making money flipping houses, I think this bull market still has room to run. Right now, I believe it’s the institutional investors who are mostly driving up the stock market. Until I see more dumb money rushing in like the 1920s, 1980s, 1990s, and mid-2000s, I remain bullish on the overall stock market direction.
Of course, all euphoric bull markets must eventually come to an end, and I hope you all exit your positions richer.
For more details and technical analysis, check out my Stock Market Dow Jones Forecast 2018 video: m.youtube.com/watch?v=xU7mtVoH...
Good luck trading,
Eddy Yang
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Video Analysis: www.youtube.com/watch?v=1hbBVz6_...