The Dow At $60,000?

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Will the DOW head to $60,000? This is a major shift in focus from my near term bearish outlook. So what gives?

In this video I discuss how we can see the DOW near doubling in value. We are already seeing the foundation being laid for what will propel it up to those heights.

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Err...what is DOW?

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@nonsowrites if you know about the US stock markets then you will know about DOW Jones....

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So many things have to change and 60 000 is basically double their all time high. One has to have an open mind as everything has changed so this could possibly happen. I read somewhere that they expect 50 000 within the next 7 years.

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I have remarked for a while the sound of singing birds on the background of your videos. Very nice! :)

Sorry, this was way off the Dow talk, but couldn't help it...

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Summary:
In this video, Task discusses his forecast for the Dow reaching 60,000, despite anticipating a significant market pullback in the near future. He attributes his bullish outlook to the expected impact of technology advancements, such as AI and robotics, on productivity over the next five to seven years. Task also mentions the diminishing confidence in governments globally due to various factors, including protests against lockdowns and potential election disruptions, which could lead to capital flowing out of government sectors like bonds and into equities. Task predicts a shift towards equities as countries possibly reset their currencies, potentially leading to the obsolescence of the bond and forex markets. He foresees a future where only technology companies thrive and emphasizes the importance of technology across all industries for future success.

Detailed Article:
Task discusses his forecast for the Dow Jones Industrial Average to reach 60,000, despite his expectation of a significant market pullback in the short term. He points out that this pullback could potentially occur in the next 10 to 12 months, with possible timings around April-May or during the summer. He then transitions to discuss his long-term bullish outlook, attributing it to the expected economic impact of technology over the next five to seven years. He emphasizes the role of innovations such as AI and robotics in boosting productivity and driving future economic growth.

Moreover, Task highlights the diminishing confidence in governments globally as a crucial factor driving his market forecast. He mentions various events like protests against lockdowns, states challenging federal authority, and concerns about elections in the US, Germany, and the eurozone. Task underscores the impact of the mounting government debt and anticipates a cycle where people lose confidence in governments, potentially leading to a redirection of capital from bonds to equities.

Task elaborates on how capital may flow out of the government sector, particularly bonds, into the private sector or equities. He suggests that as capital seeks better treatment, equities could become a more attractive investment option given the current state of the bond market. Additionally, Task speculates on the possibility of multiple countries resetting their currencies, which could disrupt the forex market and further drive capital towards equities.

Furthermore, Task envisions a future where only technology companies thrive. He argues that industries across the board, from home building to healthcare, must incorporate technology to remain competitive. Task predicts the emergence of numerous trillion-dollar companies over the next decade, driven by technological advancements and automation. He emphasizes that these companies' growth and power will not necessarily lead to monopolistic behavior but rather reflect the expansion of the production pie through automation and digital advancements.

In conclusion, Task presents a bold forecast for the equity market's future, underpinned by the transformative potential of technology, shifting capital dynamics, and the evolving nature of industries towards a technology-centric paradigm. His analysis suggests a dynamic and tech-driven future where companies leveraging innovation are poised for substantial growth and profitability.

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