Dow 20,000 Will Happen Soon and the Market Could Fly Higher Still, Says Fund Manager
Dow 20,000 will be just one stop for the market, which could continue its bull run for many more years, according to one fund manager.
Dow 20,000 is a foregone conclusion, and could climb much higher than that, according to Neil Hennessy, chief investment officer and portfolio manager at Hennessy Funds. He believes if the Trump administration addresses issues like regulation, healthcare and taxes will benefit. And, while some have worried that the current bull market is getting old, Hennessy believes stocks can continue to climb and compared the current environment to the 1980's. He added that it's "crazy" to be in fixed income right now, given the fact that interest rates are rising.
