Super Boom Forecast Ahead of Schedule for Dow 38,820
Few believed Jeff Hirsch back in May 2010 with the DJIA at 10,000 when he forecasted a 500+% market rise that would put DJIA at 38,820 by the year 2025. Now it looks like he may have been too cautious as DJIA is well above his initial projections. The S&P 500 is already up 500% from the March 2009 low. No one foresaw or anticipated the Fed's unprecedented quantitative easing program, eight to nine years of near-zero interest rate policy, or the 2017 tax cut—and the impact of the two. Mr. Hirsch will present the history and analysis of this groundbreaking forecast and the iconic market cycle and pattern that it's based on. He will review current technicals, fundamentals, monetary policy, and sentiment along with seasonal factors that shape the outlook in the near-term and for the balance of 2021 and beyond. Mr. Hirsch is still bullish for full-year 2021 and expects any seasonal weakness in the Worst Six Months (May-October) to give way to the bull and for the market to finish the year in the range of his base and best-case Annual Forecast scenarios around S&P 4200-4300 or more.