If you compound the Dow ex-dividends at the historical rate of 4.7% then the math says that we should hit 1,000,000 sometime around then. By then, the financial crisis and tech bubble would look like just a blip on the long term chart.
Wednesday, February 15, 2012
Dow 1,000,000
Earlier this week, Barrons made some headlines projecting that the Dow Jones would hit 15,000 by the end of next year. It's a bold call to be sure, but is it as bold as predicting that the Dow will hit 1,000,000 by 2107?
If you compound the Dow ex-dividends at the historical rate of 4.7% then the math says that we should hit 1,000,000 sometime around then. By then, the financial crisis and tech bubble would look like just a blip on the long term chart.
If you compound the Dow ex-dividends at the historical rate of 4.7% then the math says that we should hit 1,000,000 sometime around then. By then, the financial crisis and tech bubble would look like just a blip on the long term chart.
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