Today's latest blog is saying that the next chance of a pandemic will be 2022.....the goal posts keep on moving! He can never be wrong that way....if nothing happens in 2022, it will be 2024. Its just a guessing game at the end of the day.
Truly amazing accuracy! Sometime in 2022.
By the way, his Dow 40,000 and 65,000 prediction for 2024 and 2032 is actually not really difficult to make.
Quote
Stock market historical returns is generally considered Dow Jones Index (Djia) average yealy returns.Djia average yearly return was 7.7539% without adjusting dividends and inflation from 1921 to 2018.
If you add 4 years of 7.75% compounded to the current Dow 29,000 you get Dow 39,090. Very close to the 40,000 level.
If you add 12 years of 7.75% compounded to the current Dow 29,000 you get Dow 71,024. Quite close to the 65,000 level.
Amazing predictions again from Armstrong!
