Will Dow Jones hit 40000 points?

cluelusshusbund said:
In 2021.???
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Unlikely, as that's a c.33% jump from where it is now. While 2020 saw such an increase since the start of the pandemic, this was only after a similar decrease. Achieving it from the current highs is... unlikely. Getting to 33k would be a good start - as that would be a 10% increase.
 
The Dow gained 7.3% last year. 4,000 is going to be a while. The Nasdaq 100 (for instance) went up about 47% last year it could go up substantially this year but given the gains of last year is unlikely to go up the 33% that the Dow would have to go up to reach 4,000. The Dow is a broader index.

Most people who are invested in indexes probably are in the S&P 500 or in something like the Nasdaq 100.
 
Saint said:
Will Bitcoin hit 50k?
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Eventually, I think, yes, and beyond.
In 2021? Possibly, but maybe this is a year of slight retrenchment and consolidation, after the record prices recently.
There are some who say the trend in both Bitcoin and Ethereum is linked quite accurately to number of users, not withstanding some broader pressures, and that user numbers will only increase with time. Otherwise, a cursory glance at the news feeds on the matter suggest that USD 50k for Bitcoin this year is a reasonable possibility, some even predicting 150k, and others a possible decline this year before further gains in the years ahead. Bitcoin has touched on 40k this year, and is now at c.33k. Last year it rose by c.400%, from c.7k to 30k or so. I don't think it will go up so quickly in 2021, but even a 50% increase from current will see it hit 50k. But it's cryptocurrency, so who really knows: it could crash to zero in no time at all.
The problem with it getting to these heady heights, though, is the higher it gets the more people will take profits (i.e. sell) but fewer people will buy, thinking it overpriced. It may also put people off simply because they don't realise you can buy a fraction of a Bitcoin and don't need to buy a whole one.
Meh - crypto - the price is a mystery to those that don't know, and more of a mystery to those that do!
 
Saint said:
Will Dow Jones hit 40000 points?
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Yes it will.....
my guess would be in 2022... but that is just a hunch of mine and it depends on corruption in high places being addressed effectively before then!

The Dow was 33,730 yesterday.....
The Dow Jones Industrial Average (DJI) rose 53.62 points, or 0.2%, to close at 33,730.89 and the S&P 500 slid 16.93 points, or 0.4%, to close at 4,124.66. The Nasdaq Composite Index closed at 13,857.84, shedding 138.26 points, or 1%. The fear-gauge CBOE Volatility Index (VIX) increased 2%, to close at 16.99. Advancing issues outnumbered declining ones for 1.45-to-1 ratio on the NYSE, while a 1.22-to-1 ratio on the Nasdaq favored advancers.
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Saint said:
Will Bitcoin hit 50k?
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As long as the huge money people cannot do to BigCoin what they did to the Social Credit government of Bible Bill Aberhart of Alberta during the Great Depression BitCoin will go far, far, far above fifty k.


https://en.wikipedia.org/wiki/William_Aberhart

William Aberhart (December 30, 1878 – May 23, 1943), also known as "Bible Bill" for his outspoken Baptist views, was a Canadian politician and the seventh Premier of Alberta (1935 to his death in 1943).[1] He was the founder and first leader of the Alberta Social Credit Party, which believed the Great Depression was caused by ordinary people not having enough to spend. Therefore, Aberhart argued that the government should give each Albertan $25 per month to spend to stimulate the economy, by providing needed purchasing power to allow needy customers to buy from waiting businesses.

During his premiership, Aberhart campaigned for and instituted several anti-poverty and debt relief programs, and other governmental reforms, such as consolidation of Alberta's numerous small school districts into centralized school divisions, and natural resources conservation. His attempts at banking reform met with less success, facing strong opposition from the federal government, the courts, privately-owned newspapers and a coalition of the Liberal and Conservative parties. Aberhart's government did successfully establish the Alberta Treasury Branches (now ATB Financial), a government-owned financial institution to provide an alternative to existing banks, which continues to operate as a Crown corporation of the Alberta government.
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Political career[edit]
Aberhart became interested in politics during the Great Depression in Canada, a time which was especially harsh on Albertan and Saskatchewan farmers. Particularly, he was drawn to the Social Credit theories of Major C. H. Douglas, a British engineer. From 1932 to 1935, Aberhart lobbied for the governing political party, the United Farmers of Alberta, to adopt these theories, but it never did.

It is doubtful that Aberhart fully understood the theories himself.[15] The basis of Douglas's A+B theorem is that prices rise faster than incomes when regarded as a flow, and individuals' purchasing power should be supplemented through issuance of new credits that have not derived from the productive system. After Aberhart's lobbying of the United Farmers to adopt Social Credit principles was unsuccessful., he helped found the Social Credit Party of Alberta.

This party won the 1935 provincial election by a landslide with over 54% of the popular vote and all but seven of the 63 seats in the legislature.[16]

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His government did not implement much of the Social Credit policies promised in the party's election platform, because of the province's very poor financial position in the depths of the Depression. The federal government's opposition to Social Credit and the threat it held over Alberta during its hour of weakness were significant blocks to Aberhart moving forward. The federal government has jurisdiction over Canadian currency and banks, under the British North America Act. However, there was no constitutional barrier to Alberta producing its own currency, which Aberhart's government did to a limited degree with its Prosperity certificates. Aberhart did threaten the power of private banks with his government's extension of the UFA government's foreclosure moratorium and mandatory debt adjustment. It has been said that the reason Premier Aberhart knowingly went beyond constitutional limits with proposed legislation was because it won him support among the electorate, for at least trying to do what he promised. In his defence, he said the Establishment did not oppose Social Credit because it would not work but for fear it would work.

Lieutenant Governor John C. Bowen refused to give Royal Assent to three government bills in 1937. Two of the bills would have put the province's banks under the control of the provincial government, while a third, the Accurate News and Information Act, would have forced newspapers to print government rebuttals to stories the provincial cabinet deemed "inaccurate". All three bills were later declared unconstitutional by the Supreme Court of Canada and the Judicial Committee of the Privy Council. For its leadership in the fight against the latter act, the Pulitzer Prize committee awarded the Edmonton Journal, the Calgary Herald, the Red Deer News, Lethbridge Herald and the province's weekly newspapers a Special Citation, the first time it was awarded outside the United States.

Aberhart instituted a variety of relief programs to help people out of poverty, as well as public works programs and a debt relief program that froze some debt collections and mortgage foreclosures. This, like Tommy Douglas' similar program in Saskatchewan, was later overturned in the mid-1940s by the Supreme Court, although it aided people for a number of years during and (for a short time) after the Great Depression.

Alberta's Social Credit government brought in legislation under which an MLA could be recalled by a portion of his/her constituents. Aberhart's own constituents, including out-of-power UFA farmers and many oilworkers working for U.S. oil companies threatened by Aberhart's Natural Resources Conservation legislation, gathered signatures for Aberhart's own recall. He thus became the first Canadian politician to be threatened with recall from office. Aberhart's government retroactively repealed the recall legislation rather than have Aberhart forced to give up his seat.[17]

In keeping with his evangelical views, Aberhart added a heavy dose of social conservatism to Major Douglas's ideas. Most notably, he enacted very tight restrictions on the sale of alcohol. Indeed, the only stricter law in Canada at the time was in Prince Edward Island, where the sale of alcohol remained completely banned until 1948. Well into the 1960s, commercial airlines could not serve alcohol while flying over Alberta.
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today 2021(new end of financial year?) shows 34,200
start of 2020 shows 24,242
(unsustainable inflation)
Saint said:
Will Dow Jones hit 40000 points?
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will the dow jones artificially inflate its interest rate by 15% by the end of the year ?

is that the question ?

where did all the money come from ?
where did all that money go to ?

is it still money ?(has it lost any value does it still have its original value?)

lol

whos money is it ?
the feds ?

who owns it now ?
china ?

what the media & the political elitists and wall st bankers will forget to tell you is

all those bankers
wall st workers
investment managers
hedge fund managers
brokers

they all either
do not vote
or
vote for the republican party
there is only 2 realities
"not voting"
"voting for the republicans"

thats it

so what does that tell us ?

it tells us that the entire market was gamed for a crash on the proviso that joe would win
so it will financially declare that joe has failed
even though the ones who made it fail are all the bankers & wall st people
who did so over the build up to the election.

usually i just watch from a distance and say nothing
but this looks like it might hurt

how is china going to value all its US currency it holds ?
its a toxic co-dependent relationship that the USA is refusing to recognize(currency manipulating rhetoric?)

the chimps(usa industrialists) have run off & stolen the car(industry) & all the bananas(cash)
but they have hung a huge bumper sticker on saying
"Asian driver"
51iAV5E%2B7oL._AC_.jpg


where is the dow money coming from ?
fake money printed to supply usa spending into Chinese products to pay usa industrialists who have moved all manufacturing to china

now the republican bankers have wound up the market right before the election
so they can pay it off or collapse it depending on who wins

pretending to prop up the failed usa economic system by forcing americans to borrow money and spend it in china
buying usa industrialists profit margins built in china

for every 1 dollar usa consumers borrow
they probably spend 2 dollars in china
instead of on local usa economy
faking the financial transactions data

when in reality the entire usa system has become socialist because of the massive global recession and outsourcing of all manufacturing to china by americans

what is republican wall st proposing as a solution ?
more borrowing ?

who was controlling the dow in the run up to the election ?
weaponizing the dow as a political right wing weapon
 
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RainbowSingularity said:
today 2021(new end of financial year?) shows 34,200
start of 2020 shows 24,242
(unsustainable inflation)


will the dow jones artificially inflate its interest rate by 15% by the end of the year ?

is that the question ?

where did all the money come from ?
where did all that money go to ?

is it still money ?(has it lost any value does it still have its original value?)

lol

whos money is it ?
the feds ?

who owns it now ?
china ?
Click to expand...

Do you own any of it? If not, why not?
 
RainbowSingularity said:
weaponizing the dow as a political right wing weapon
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technically they are probably more just holding the national economy to hostage
so they can maintain power after the election & simply hold whom every is presidency to ransom for their own spin

then offer to solve r create the economic problem THY deliberately created

no morals involved
money before everything that's what capitalism is
its not morally dishonest when everyone is running around preaching themselves to be capitalists

what else would you expect ?

they knew the bail out would come
or the big short & write off
so they would have been gaming hard
now they have joe over a barrel

dirty business this American capitalism
but that's how Americans keep choosing it over and over.
free will
 
What about Australian capitalism? Same thing, just not quite as successful. You've mentioned that you're always broke. Are you trying to do something about that, other than complaining?
 
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