Is this really possible? Of course it is. There was a time when people thought the 30,000 level was outrageous.
In this video I discuss how global debt could force a lot of money out of bonds into equities over the next decade. We are already seeing major issues in Europe so the indicators are there.
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What goes up..
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...goes plop.
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I have an investment in some stocks and I really worry about what is to come. I have quite a large holding in Boeing and I am quite at a loss there and not sure if to keep on that or take a loss and exit from that. We live in such uncertain times and not sure when the pandemic will be over and if the market will retrace its steps from that moment on. I am for a long term with my stocks investment, but as the time passes I just wonder about seeing the light at the end of the tunnel...
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Boeing is a tough one. Hard to tell where that one is going.
Of course, everything depends upon the time frame being looked at. Ultimately, it is unlikely that Boeing goes out so, in the long term, you could make it up. However, it could be years before that happens. While taking a loss sucks, the opportunity cost could be more.
That said, the market could be a bit tricky over the next couple years. In the end, we might see a big pullback before it rushes forward.
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BEER.Summary:
In this video, the speaker discusses the possibility of the DAO (Dow Jones Industrial Average) reaching 60,000. He acknowledges the current global economic challenges due to the ongoing shutdown but remains optimistic about the future of the market. He predicts a shift of capital from bond markets to equities in the next 10 years, influenced by international economic conditions and the impact of technology. The speaker also highlights the potential debt crisis in Europe and the relevance of quantitative easing in driving investment towards technology and the stock market.
Detailed Article:
The video starts with the speaker addressing the audience and introducing the topic of the DAO reaching 60,000. He reflects on how previously, the idea of the DAO hitting 30,000 seemed improbable but is now within reach. The speaker prefaces his discussion by cautioning that while a surge to 60,000 might not be immediate, a revisit to 15,000 could occur in the midst of the ongoing global economic shutdown.
The speaker delves into the fundamentals of market behavior, emphasizing the role of capital flow in driving markets. He predicts a significant shift of capital from bond markets to equities over the next decade, attributing this shift to international economic conditions impacting bond markets outside the United States. He points out the devaluation of bond markets in the EU and Japan, mentioning specific concerns like Saudi Arabia struggling to meet expenses.
Furthermore, the speaker anticipates a future where economic challenges could lead to municipalities facing bankruptcy, affecting bondholders. He highlights the potential vulnerabilities in the bond market, especially in the face of declining tax revenues and fleeing businesses in cities. The speaker suggests that within the next two to three years, Europe might experience financial distress, with the ECB facing difficulties.
Additionally, the speaker mentions the concept of corona bonds as perpetual interest-paying instruments proposed in the EU, reflecting the dire financial situation within the Eurozone. He notes the emergence of zombie companies in the equities market, sustained by easing policies, and predicts their eventual demise, making way for a more robust market. The speaker expresses confidence in the future performance of equities, particularly the NASDAQ, driven by quantitative easing and technology investments.
In conclusion, the speaker envisions the DAO reaching 60,000 by the end of the decade, with expectations of even greater appreciation in the S&P and NASDAQ indices. He underscores the permanence of quantitative easing and its role in channeling investments towards technology and the stock market. The speaker closes the video with a positive note, focusing on the potential growth in the equities market and encouraging viewers to consider the NASDAQ for superior performance in the coming years.