FTSE 7,000 & DAX 11,000 & Dow Jones 20,000 ! ?
By
Andre Minassian
PUBLISHED:
06 Sep 2016 @ 21:41
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Comments (6)
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Considering FTSE, DJIA and other major indexes have managed to keep their strength during the slow summer months, I am confident it is time for going long S&P – FTSE – DAX.
I am not with the scenario that we will see a large drop from here on and quiet confident the bull market shall continue at least right up to the year end. I feel FTSE will hit and cross 7,000 – Dax will hit and cross 11,000 and DJIA will most certainly hit and cross 19,000 with a possibility of even making it to 20,000 before Christmas 2016. DJIA 20,000 is a number I have been insisting on since 2014 and still cannot see any significant market fall before we hit that number whether it is this year or next. All in all – the way is up from September to January 2017. My call is somewhat backed by USA having their presidential elections – US markets have only dropped 3 times during election years since records began and I do not think this year is one of those years.
If I were to pick as to which index to bet on the long side , I would most certainly bet on USA.
Time to go long right here right now.
All in my humble opinion and no investment advice intended.
Andre
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I think dow will most definitely go over 19,000 Andre
I agree will all three calls;not sure Dow will make it to 20k this year but very likely 2017.Alway appreciate your thoughts.
Andre please do write more often, always looking out for them.
I agree with your bullish stance.
kind regards
Debs
Agree that no major downward catalyst in view but what makes you say it will go all the way to 20K? Do you expect a major crash after that?
You’ve called it right so far and on the back of your call I went long wall street @ 18,100 ~ 19,000 would make a very happy new year and 20k would be just party time.
As the poster before said, please do write more frequently, your thoughts and calls always very appreciated.
Best regards Jahed
Alok : Why 20,000?
I’d say because we have some four month to the new year, which is a pretty long time in Stock Market terms, we are very close to 19 on the Dow, very close on DAX to 11 and very close on FTSE to 7k…And since I feel the markets are going to start to rise from this month where do we go from here? We could hit 19k DJIA shortly and if we pass 19,300 I am pretty certain we will end up closing on a big number just before Christmas. The only big number is 20,000. Also considering the two presidential candidates are not popular and one of them is going to get elected the powers that be will need to calm the populace with a big close after the elections to show things are all OK in US of A. It being more of a psychological move rather than anything substantial. Having said that I am sure we will make it past 19,000 by New Year but be prepared for a surprise 20k. All in my humble opinion and no investment advice intended.