Forbes signaling Dow 15,000 possible by end of year.

[FarLeftFist]

All the signs are becoming increasingly evident — for the Dow Jones Industrial Average to fall from current levels after shooting up on Feb. 17, 2012, to nearly 13,000, at 12,949.87. That is a tremendous 97% jump from the Dow’s scary closing low of 6,547.05 on Mar. 9, 2009.

-snip-

So investors should put what’s happening in the market in proper perspective. Dow 15,000 is within sight and achievable this year based on both technical and fundamental factors.

Please note: The Dow is just 8.58% below its record close of 14,164.53 reached on Oct. 9, 2007. So Dow 15,000 is within sight and if some of the trusty market indicators are right, the Dow will shoot above its old record high and hit 15,000 before long. Year-to-date, the Dow is up 5.99%, according to Dow Jones Indexes.

Link: http://www.forbes.com/sites/genemarcial/2012/02/20/forget-the-dow-at-13000-buy-the-dips-as-the-market-heads-toward-new-high-at-15000/

[Botany]

1. Don't forget Obama is a socialist wealth redistribution guy .... Sean Hannity said so

[Odin2005]

2. Jinx.

[libtodeath]

3. I didnt see

any mention of 5.00 plus dollar a gallon gas and its impact on the economy if it happens.

[zipplewrath]

8. Believe it or not

If $5 gas happens, and really by that I mean goes there and stays there, it is because the market perceive that the economy is doing well. I'm not saying there won't be an impact, but predominately it will be one of "slowing down" the recovery, as oppose to a harbinger of an impending disaster. It's worst effect will basically be inflationary in nature. Anyone who owns a mortgage or house about now wouldn't mind a little inflation.

[boxman15]

9. Exactly what I was about to say. nt

[still_one]

4. It may, but it will be on low volume. For some reason the small investor doesn't trust wall street

and either are staying on the sidelines, or lost all their money when the market crashed due to the financial implosion

As for forbes, most of their prognostications are as good as a flip of a coin. forbes along with their republican columnists like Ken Fisher, who predicted that Obama would lose in 2008, and we would lose control of Congress also in 2008.

[HereSince1628]

6. How do the 1% actually realize the gain in the DOW?

They convince others to buy the positions which are reaching record highs.

As an average investor, I'm glad to see a willingness among buyers to push the prices up, but I am also suspicious of the ability of the big houses to create 'pump' and 'dump' scenarios.

I'm feeling as if now is a time to watch for the fall back that will establish some level as a floor.

[still_one]

7. The biggest issues overhanging the market right now are the European crisis, the rising price of

energy, unemployment and housing, which go hand in hand

Things in favor of the rally are historically low interest rates and company profits

[BumRushDaShow]

5. I would rather it hold

and do whatever it will do AFTER the election. A nightmare scenario would be to run it up now and then have it "correct" (10% or so, which is about normal after a big run up) right before November - and you can imagine the schandenfreude and spin that would bring about.