10-25-2019, 10:41 PM
** 25-Oct-2019 World View: Dow Jones Industrial Average in 2070
By 2070, there will have been a world war, and the world will be well
into the Singularity, and there may no longer be a stock market at
all.
But if we ignore all that, then the trend value of the DJIA
is given by the following formula:
trend value = 38.46486589 * exp(0.0457096666 * (date - 1900))
And in 2070, that equals:
"38.46486589 * exp(0.0457096666 * (2070 - 1900))" = 91161.5578464588
So ignoring the Singularity, the DJIA will be 91,000 in 2070.
** DJIA Historical Page
** http://www.generationaldynamics.com/pg/w...i.djia.htm
Quote:> Billionaire Ron Baron Forecasts Dow 650,000 Within 50 Years
> Billionaire Ron Baron was back on CNBC, making the case to
> investors that they need to buy stocks and ignore all risks and
> dream big because the market will be up massively in 50-years.
> The "buy-and-hold" billionaire said "fear is evident" in the stock
> market, and suggested to viewers that the Dow Jones Industrial
> Average could hit 650,000 by 2069/70.
> https://www.zerohedge.com/markets/baron-...ng-america
Higgenbotham Wrote:> Anybody who is a "buy-and-hold" billionaire at a record high in
> the stock market got that way because they were super optimistic
> about stocks.
> Will a person like that ever recommend that stocks be sold? What
> will they say at a potential top? That the market is going down?
> Was he calling for Dow 650,000 at the 2009 low?
By 2070, there will have been a world war, and the world will be well
into the Singularity, and there may no longer be a stock market at
all.
But if we ignore all that, then the trend value of the DJIA
is given by the following formula:
trend value = 38.46486589 * exp(0.0457096666 * (date - 1900))
And in 2070, that equals:
"38.46486589 * exp(0.0457096666 * (2070 - 1900))" = 91161.5578464588
So ignoring the Singularity, the DJIA will be 91,000 in 2070.
** DJIA Historical Page
** http://www.generationaldynamics.com/pg/w...i.djia.htm
