Why the Dow Jones Will Hit 38,820 and How You Can Profit from It
Wiley, Hardcover, 9781118024706, 183pp.
Publication Date: April 5, 2011
In 1976, Yale Hirsch predicted a fifteen-year super boom--a move in the stock market of 500% or more. His forecast proved accurate as the market rose and continued upward, eventually posting growth over 1,000% just before the tech crash in 2000. In "Super Boom," Jeffrey Hirsch, President of the Hirsch Organization and Editor in Chief of the "Stock Trader's Almanac," unveils the next market expansion. Building on his father's research from 1976, Hirsch has discovered that meteoric rises in stock indices are due to specific catalysts predominantly outside of the financial markets.
History has a way of repeating itself, especially in the financial markets. The American economy, and subsequently the world economy, has always existed in a cycle of boom and bust: gold, grain, oil, technology, and most recently, real estate, have all bubbled and popped. The key to investing profitably is spotting macroeconomic historical trends and positioning to reap the benefits. Step-by-step, Hirsch puts together the pieces of this puzzle by revealing the central drivers of a super boom. Examines how new cultural paradigm-shifting technologies, as well as peace between major wars, could fuel a super boom Discusses how the massive injection of money by the government, in response to the global financial crisis and the Great Recession, as well as wartime spending, will eventually create an inflationary environment The data and research found here is based on historical information and the boom-and-bust cycle of the past century
As markets and economies struggle over the next several years, remember to keep your eye on the future and get ready for the coming super boom and the next 500% move in the market. With this book as your guide, you'll benefit from the insights that only Jeffrey Hirsch can provide.
JEFFREY A. HIRSCH is Editor in Chief of the perennially popular Stock Trader's Almanac and Almanac Investor newsletter. He has continued the tradition of Yale Hirsch, the founder, and regularly appears on CNBC, CNN, Fox News, and Bloomberg.
Barry Ritholtz is CEO and director of equity research at FusionIQ.com, an online quantitative research firm. He regularly appears as an expert on CNBC, Bloomberg, Fox, and PBS, and he is the author of the topranked financial weblog, The Big Picture, hailed by The Wall Street Journal as "what the in-crowd knows."