Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property market & hedge fund advisory.
Check us out here www.allenwargent.com - to invest in Sydney/Brisbane property or for media/public speaking requests email email@example.com
Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
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Friday, 25 January 2013
Dow 14,000? (LOL)
The Dow Jones Industrial Average (DJIA) continues its great recovery from the depths of the financial crisis, ticking up another 0.4% to 13,833.
14,000 looks to be in its sights as and when the debt ceiling crisis threat recedes.
By any measure this is a great recovery from the depths of the financial crisis when the Dow plumbed the depths of below 7,000.
OK, so it's not quite the 40,000 that the Dow was supposed to reach by 2009 as predicted here and in his book by Harry Dent (the Dow in 2009 was actually below 7,000 - doh!).
Source: Yahoo Finance
Dent also predicted the NASDAQ would reach 20,000 by 2009. Again, simply miles out, but today at least after a few years of recovery the NASDAQ is above 3,000.