Originally Posted By: gfh77665
Originally Posted By: ZeeOSix
Originally Posted By: gfh77665
We going to bust DJIA - 20K, pretty soon. Maybe before the New Year comes, just maybe.
IMO, the market is hyped up with nothing solid to really back it up. Setting up for a nice bubble burst at some point.
I have been hearing that same thing for the last 10,000 points the DJIA gained over the past 5 years...
It's cyclic. No one knows when it will come down. It might not be a bubble, though. I don't know what the growth curve has been, but perhaps it'll just stay high, and fluctuate around its new level.
But I do think we'll have something before long. Simply based upon the fact that, after a few good years, a correction comes along. Zero accuracy in prediction there. No plans in my investing, though.