Call David Elias an optimist. He expects the Dow Jones Industrial Average to hit 40,000 by the year 2016, and he stands by his prediction, even in the wake of the stock market downturn. His target doesn’t sound so outlandish if you consider that, in order to hit 40,000, the Dow must rise by only 9% annually in the next 16 years. (Investors already have accustomed themselves to much grander annual returns.) However, Elias, an investment adviser, might strike some readers as a bit too cheery. He says interest rates and inflation will remain low for a decade, and he predicts that the developing world will goose profits by buying ever-increasing quantities of products from U.S. companies. Elias also argues that the much-feared backlash from Baby Boomers pulling out of the market after they retire will prove a myth. While Elias’ outlook is relentlessly buoyant, getabstract recommends his information to investors and his book’s ripe conversational fodder to futurists and analysts.
In this summary, you will learn
- Why the Dow Jones will hit 40,000 by 2016;
- How to profit from the Dow upsurge;
- What factors are driving the growth; and
- Which three sectors will provide investors with royal returns.
About the Author
Longtime financial adviser David Elias is president and chief investment officer of Elias Asset Management. He is a frequent source for CNBC, CNN, and The Wall Street Journal. He is a contributing editor to Chief Executive magazine and a member of the national board of governors of the Money Management Institute.
Customers who read this summary also read
Comment on this summary
7 years agoIt seems to be a quite clever idea to do predictions for 2016 in 1999. Of course, the book will be out of print by then. But getAbstract readers will still have access to these prophecies in compressed form, the author won't get away with that so easily!
7 years agoStill waiting...