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Old 12-18-2008, 09:00 AM   #805
HotHotHeat
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Quote:
Originally Posted by MoneyGuy View Post

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.
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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