“‘Betting against the U.S. economy and consumer is a loser’s game’ — why one strategist sees Dow 40,000 on the horizon”
May 18, 2020
“In our call of the day, Paul Schatz, the president of Heritage Capital, said the Dow DJIA, 3.39% could hit 30,000 points by 2021 and 40,000 by 2023 as the U.S. economy recovers over the longer term…
“I firmly believe we will see Dow 30,000 in 2021 with Dow 40,000 coming by 2023. Once we get over this massive hurdle, there will be too many things working in favor to derail that train when it gets going.”…
“20-plus% declines have always been accompanied by termites eating away at the market beneath the surface before the house falls down — we did not see the usual termite infestation this time around,” he said…”