The prediction power of a wealthy rock-star must never go under-estimated.
Gene Simmons told TheStreet in Jan. 2017 the Dow Jones Industrial Average
But before it reaches that 30,000 level, Simmons thinks there will be a pullback -- soon.
"We will be at Dow 26,000 any day now, but because of the political turmoil the Dow will go down 1,100 to 1,200 points in the next 12-months," Simmons said in an interview. But with unemployment low, Simmons doesn't think the market will stay down for long.
"Don't get scared, buy America," Simmons said.
For those giggling at the sound of Gene Simmons making market calls, don't be so quick to hate.