Peter Navarro, Assistant to the President, and Director of Trade and Manufacturing Policy, recently suggested that the Dow Jones Industrial Average could reach 30,000 in 2020.
While there is nothing wrong with what is essentially a short prediction, investors should continue to work with their advisor(s) and stay focused on the long term. Markets are volatile and an undue focus on the near term can have a negative impact on longer term objectives. Over time, markets are very likely to continue to rise, despite periodic and unpredictable interruptions. To that end, early in 2017 we suggested that the Dow would eventually reach 100,000 (see our blog posted 09 Feb 2017).
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA