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Dow-Jones Industrial Average (DJIA) has just gone above 26,000 for first time ever. What happens next? Boom or bust?
Short pithy answer: “We ain’t seen nothin’ yet”; quoted from Barron’s article published in February 1988
Slightly longer answer: We are presently in an era of low-inflation economic growth and explosion of new technologies. Therefore, a continued global financial and economic boom subject to episodic, healthy market price corrections is much more likely to occur than a fearsome bust like the near-collapse of U.S. financial markets in 2008 and subsequent Great Recession from which world financial markets and many national economies are just beginning to fully recover. Herein we present key reasons why this bullish scenario should transpire as events unfold.