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Where will the DOW close at on Dec. 31, 2017?

DA60

DA60

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Where will the DOW close at on Dec. 31, 2017?



Thoughts?
 
HArd to say with Trump not even sworn in yet.

But I will guess 19,500.
 
DA60 said:
HArd to say with Trump not even sworn in yet.

But I will guess 19,500.
Click to expand...

Can I equivocate? If Corporate tax reform is passed with a rate below 20% I would say 22,000 if not 17,000.
 
DA60 said:
HArd to say with Trump not even sworn in yet.

But I will guess 19,500.
Click to expand...

Federal Reserve rates go up and stocks go down. Trump will need to increase the deficit and if that money goes to banks, stocks go up. The minimum wage is up ergo increased productivity will be by robots. Universal robot stocks will go up. Reefer is legal in many states and Vape shops will be able to market oils legally and that distribution network will go up. If the patrimony of the people is privatized, stocks will go up. JCPenny, KMart, Sears, Craftsman, and other brick and mortar are in death spirals unless they focus online. The low end of the economy is broke with no extra money ergo luxury and collectibles are toast. Home prices have been maintained at unrealistic high prices to save banks and that is like a festering boil. Call the boilsuckers for help. If OIL stays above $55/barrel the frackers will be back in business and the USA production of Oil will exceed 10 million barrels/day and contribute to oversupply. That will keep Russia and Saudi Arabia between a rock and a hard spot unless some new tech creates more demand for OIL. One could invest in Ocean beach erosion if they are looking for a bottomless money pit. The Auto business will try, but won't work unless the Unions and Management agree on profit sharing linked to sales where both sides benefit or suffer. Bif Coal is toast but many old surface strip mines have left topography that can be converted to Recreational Real Estate and LOCAL investment success. As USA productivity has moved to Asia and the USA has printed $20trillion of debt, the dollar has risen by 30% since 2008. When the pillars that support a fiat currency are confidence, these are ominous harbingers. Trump must keep the confidence game on an even keel and he may be an expert at that, if he can keep from discussing fundamentals. If Trump can keep the 19,000 level, I will be surprised because the huge debt has actually deteriorated the value of the dollar that reality could take the dollar down and with it, stock markets, all markets. He's on the edge of a cliff, not of his making. I think that is why all the push for War in the Obama administration. "War is good business, and business is good."
 
DaveFagan said:
Federal Reserve rates go up and stocks go down. Trump will need to increase the deficit and if that money goes to banks, stocks go up. The minimum wage is up ergo increased productivity will be by robots. Universal robot stocks will go up. Reefer is legal in many states and Vape shops will be able to market oils legally and that distribution network will go up. If the patrimony of the people is privatized, stocks will go up. JCPenny, KMart, Sears, Craftsman, and other brick and mortar are in death spirals unless they focus online. The low end of the economy is broke with no extra money ergo luxury and collectibles are toast. Home prices have been maintained at unrealistic high prices to save banks and that is like a festering boil. Call the boilsuckers for help. If OIL stays above $55/barrel the frackers will be back in business and the USA production of Oil will exceed 10 million barrels/day and contribute to oversupply. That will keep Russia and Saudi Arabia between a rock and a hard spot unless some new tech creates more demand for OIL. One could invest in Ocean beach erosion if they are looking for a bottomless money pit. The Auto business will try, but won't work unless the Unions and Management agree on profit sharing linked to sales where both sides benefit or suffer. Bif Coal is toast but many old surface strip mines have left topography that can be converted to Recreational Real Estate and LOCAL investment success. As USA productivity has moved to Asia and the USA has printed $20trillion of debt, the dollar has risen by 30% since 2008. When the pillars that support a fiat currency are confidence, these are ominous harbingers. Trump must keep the confidence game on an even keel and he may be an expert at that, if he can keep from discussing fundamentals. If Trump can keep the 19,000 level, I will be surprised because the huge debt has actually deteriorated the value of the dollar that reality could take the dollar down and with it, stock markets, all markets. He's on the edge of a cliff, not of his making. I think that is why all the push for War in the Obama administration. "War is good business, and business is good."
Click to expand...
if the worlds greatest experts knew what the stock market was going to do they would have made billions and retired
 
James972 said:
if the worlds greatest experts knew what the stock market was going to do they would have made billions and retired
Click to expand...

The question was: Thoughts? Apparently you have none!

/
 
James972 said:
if the worlds greatest experts knew what the stock market was going to do they would have made billions and retired
Click to expand...

I don't know, but it's fun to guess. I think it will go up, because retail investors think it will go down (based on an AAII bearish sentiment indicator). Retail investors have largely stood on the sidelines as stocks have tripled from their lows, and they've only recently begun to tiptoe back in. (They shouldn't feel bad, though. Hedge funds have also been skittish and suffered for it.) They're a great reverse indicator, so when people start saying the Dow 30 is headed to 50,000 and all of these prognosticators calling for Dow 6,000 disappear from infomercials (the modern versions of Howard Ruff, God rest his soul), I'll be in stocks.
 
And the results are in:

The Dow Jones Industrial Average returned +24.39% in 2017. Using a calculation which includes dividend reinvestment, the Dow Jones returned +28.11%.

2017 Dow Jones Industrial Average Return: Reinvest Your Dividends
Those numbers from the introduction are accurate for an index purchase on January 3rd, 2017, sold at close on December 29, 2017. Alternatively, if you bought the closing price on December 30, 2016, the returns would be +25.08% and +28.11%, respectively.

https://seekingalpha.com/article/4135186-2017-dow-jones-industrial-average-return
Click to expand...

I'm going to predict 28,000 for this year, but I wouldn't be surprised if it breaks 30k. Thanks, Donald! Keep up the good work! :lol:
 
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