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When will the Dow hit 18,000? If not by Thanksgiving, expect it by the end of the year.
Yesterday (Monday), the Dow Jones Industrial Average hit a new high, its 29th record close on the year at 17,817.90.
A number of factors could propel markets to the new milestone by year's end, including a flood of struggling hedge fund managers trying to register gains before 2015 and the absence of any strong market headwinds.
Yesterday, Money Morning Capital Wave Strategist Shah Gilani gave viewers of FOX Business' "Varney & Co." his take on this potential year-end rally.
How We'll Play the 2014 Year-End Rally: Stocks are headed higher through year end for many reasons, but one in particular is telling. It's really a simple one, yet too many people have overlooked it; indeed, most wouldn't even give it enough thought. And that would be a big mistake… As Shah Gilani explains, if you understand that one compelling reason, you can pick some winners – and pocket big profits – yourself.