WILL DOW BE 20.000?

I found a great article about that question. First I really do believe in that scenario because I so convinced we are in a bull market and that massive mental level 20.000 is going to be taken within 1-2 years. The market wants to see test that level. Before collapse the market and investors needs to the followings:

Everybodwants to buy the stock – grandmas, housewives
Everbody starts talking about the stocks
CNBC watching rate will increase massively
Price movements start to be parabolic
US interest rate needs to be above 1%

So the article by Lance Roberts, from STA Wealth Management states the followings:
The only way Lance can see DOW 20,000 is to see the market as being in stage 3 of a classic 'blowoff' market cycle:

• Phase 1: What Bull Market? Just A Bounce Before The Next Crash. 
• Phase 2: I Missed The Bottom So I Will Wait For A Pullback. 
• Phase 3: Market Is Going Up Forever, Just Get On And Ride.

Recently we are in Phase 3 which is the strong bullish period. But obviously we can’t see what hold the future. This is only one opinion, but smart.

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The BFM Assets Team.