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We predicted a sleepy bull and got a fiery one. Now our market forecast needs freshening up.
In early 2017, when the Dow Jones Industrial Average hit 20,000, Barron’s wrote in a cover story that 30,000 by 2025 looked likely, assuming a cut to corporate taxes, and no trade war. It wasn’t a bubbly target. A 50% gain over nine years is 4.6% a year, compounded.