Will the Dow Hit 18,000?

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The markets continue to reach all-time highs, leaving some wondering just how high the Dow Jones Industrial Average can go.

Is Dow 18,000 realistic?

Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined FOX Business's "Varney and Co." and discussed how fast the Dow could hit 18,000 in 2014:

 


Today's top story: After 20 Years, the Uranium Race Is Set to Resume – Price Surge Could Begin as Early as December

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  1. H. Craig Bradley | November 28, 2013

    THE "FLOATING WORLD" OF WALL STREET

    The stock market is going to go higher, at least that is what "everybody" is saying right now. So, more and more investors are buying stocks solely because they are "going up". If you ask a retail investor what the P/E is of the stock they just bought ( 25 ) or the S&P 500 Index (16) they probably won't be able to tell you because they don't know ( or don't care).

    Now, if that isn't the foundation of a group attitude that always leads to bubbles, then I evidently don't know much about history. One thing is for sure, investors that don't pay attention to fundamentals such as price and earnings are eventually all going to take the same bath. Its part of the same old cycle.

    The real economy is not visibly doing well and its very spotty. Where I live, retail is not that robust. In fact, there are quite a number of vacant commercial retail properties around. The FED's increase in the base money supply has not oozed into the real economy very much. Sooner or later one or the other will have to make a valuation adjustment. This will then cause investors in turn to have an "attitude adjustment". Take your profits in this kind of floating market.

  2. yngso | December 1, 2013

    20,000 by Nov. 2014, why not?…

  3. H. Craig Bradley | December 1, 2013

    WORKING DEFINITION OF A "RELUCTANT BULL"

    A “reluctant bull” is an investor who will willingly take any profits the markets can provide. I imagine these guys are about as “reluctant” as a man with a beautiful Geisha for the night. Very “reluctant” only if caught by the wrong person.

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