12-18-2008, 09:00 AM
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#805
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Franchise Player
Join Date: Mar 2007
Location: Victoria, BC
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Quote:
Originally Posted by MoneyGuy
Hear me out. North American markets are right now, let's say, roughly 7,800. At an average gain of 8% (not unrealistic, I'd argue, using today's low prices as a base point) it would take a little over 12 years to get to 20,000 (if 9% = 11 years). This assumes a constant rate of growth, which we all know is impossible. The point is that we will see 20,000 and it should happen in the next 10-15 years. Of course, we could see a serious correction like this one when the market reaches 19,900 which would delay the inevitable, but 20,000 is inevitable.
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Can you explain which sectors of the economy will make this growth possible? Obviously it would be nothing more than a prediction, but I'd be interested to here your insight.
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