Super Boom: Why the Dow Jones Will Hit 38,820 and How You Can Profit From It

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9781118024706: Super Boom: Why the Dow Jones Will Hit 38,820 and How You Can Profit From It

“As someone who views the investment glass half empty, I would normally treat a forecasted price target for the Dow Jones Industrial of 38,820 as hyperbolic and outlandish.  That is, unless the forecaster is Jeff Hirsch!  Jeff is ‘bred in the purple’ and has royalty in his investment blood as his legendary dad, Yale Hirsch, was the dean of all technical analysts (and was the first of his kind to accurately predict the roaring Bull Market of 1974-1990). More importantly, Jeff's rationale for another super boom is well articulated in his own unique set of facts, figures and dissection of history.  To every serious investor I say, Read Super Boom or Perish!”

— Douglas A. Kass, President, Seabreeze Partners Management Inc.

 “Jeff Hirsch delivers a 500% effort in Super Boom. Unless you're closed minded or comatose there is a lot, lot more here than any investment reader can normally hope for. The visuals and data alone are worth many times the price.”

—Ken Fisher, Founder and CEO, Fisher Investments, Forbes "Portfolio Strategy" Columnist, 5-time New York Times bestselling author

Super Boom reminds the reader of the power of compounding. DJIA 38,820 by 2025 might sound like an outrageous level, but the implied sub-9% compound annual growth rate (following a decade of decline) makes the target appear more attainable. Within these pages, Jeff demonstrates that he has learned a lot from his father and has inherited the reputation as a renowned and respected market historian.”

— Sam Stovall, Chief Investment Strategist, Standard & Poor's Equity Research

  “As a kid I taught Jeff how to catch big rainbow trout in Montana. In Super Boom, he's returned the favor by showing us how to catch a monster stock market move. A must-read book.”

—Larry Williams, trader


Q&A with Author Jeffrey Hirsch

Author Jeffrey Hirsch
How will I know when the next Super Boom has begun?
The precise date is not known, however there are several signs to watch for: a quick rise in inflation followed by a moderation in inflation, the end of the war in Afghanistan and the presence of U.S. combat troops on the ground overseas, a new paradigm shifting technology is gaining in popularity, and commodities begin to cool.

What happens between now and 2017 or when the boom begins?
I expect the market (Dow) to trade in a range of 7,000 to 14,000, suffering a bear market or two or three. This will provide investors ample opportunity to accumulate shares at low valuations, putting their portfolios in position for massive profits from 2017 to 2025 and beyond.

Is this pattern a new discovery?
No. Yale Hirsch first observed the pattern in the 1970’s. It enabled him to make his bull’s-eye forecast in 1976 for the last boom.

How confident are you that a Super Boom is coming?
Quite. Although the exact date when the next Boom begins may not fall in 2017, based upon the previous three Booms, it is likely to begin sometime around that year.

Is now the right time to be buying stocks ahead of the coming Super Boom?
The best time to buy would be when the DJIA is below 10,000 or an official bear market has been declared by the media.

I have read other books making similar grandiose bullish claims. Why is yours any different?
Unlike previous forecasts, mine is based upon three previous occurrences. There is no new modeling or valuation theory that needs to be explained or understood. My forecast is based upon the effects of war, inflation and technological innovation on stock markets. All of this is happening now and it has happened before.

So a stock Super Boom is coming. Should I dump all other asset classes and put everything into the stock market?
No, you should not dump everything and move entirely to stocks. Maintain a diversified approach to long-term investing. Lighten up on under performing assets and increase exposure to stocks.

Numerous structural problems exist at present. (Soaring debt, tightening regulation, surging energy prices, etc.) Has this been taken into consideration by your forecast?
We are aware that the economy is more mature that in the past and that we can expect revolts, revolutions, environmental problems, monetary crises, scandals, droughts, more inflation, a few recessions and bear markets, not to mention a “plague” or two along the way. However, during the three previous 500 percent moves—or for that matter, the last 5,000 or more years--people always were afraid of something or other in the future. Somehow, we do seem to survive and overcome adversity.

Timeline for Author's Forecasted Boom (click to see larger version) Graph of Past Booms (click to see larger version)

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From the Inside Flap:

In 1976, Yale Hirsch predicted a fifteen-year super boom—a move in the stock market of 500% or more. His forecast proved accurate as the market rose and continued upward, eventually posting growth over 1,000% just before the tech crash in 2000.

History has a way of repeating itself, especially in the financial markets. The American economy, and subsequently the world economy, has always existed in a cycle of boom and bust: gold, grain, oil, technology, and most recently, real estate, have all bubbled and popped. The key to investing profitably is spotting macroeconomic historical trends and positioning to reap the benefits.

In Super Boom, Jeffrey Hirsch, President of the Hirsch Organization and Editor in Chief of the Stock Trader's Almanac, unveils the next market expansion. Building on his father's research from 1976, Hirsch has discovered that meteoric rises in stock indices are due to specific catalysts predominantly outside of the financial markets. Step-by-step, Hirsch puts together the pieces of this puzzle by revealing the central drivers of a super boom, namely:

  • Inflation—while it may be at bay for the time being, the massive injection of money by the government, in response to the global financial crisis and the Great Recession, as well as wartime spending, will eventually create an inflationary environment

  • Peace between major wars—despite continuing violence in Iraq and Afghanistan, U.S. troop withdrawals remain on schedule, and military presence in these countries will be winding down over the next several years

  • New enabling technologies—while no one can say for sure where the next cultural paradigm-shifting technologies will come from, energy technology and/or biotechnology could lead the way

As markets and economies struggle over the next several years, remember to keep your eye on the future and get ready for the coming super boom and the next 500% move in the market. With this book as your guide, you'll benefit from the insights that only Jeffrey Hirsch can provide and be in the best position possible to prosper from the profitable opportunities that lie ahead.

From the Back Cover:

SUPER BOOM

"Jeff Hirsch delivers a 500% effort in Super Boom. Unless you're closed minded or comatose, there is a lot, lot more here than any investment reader can normally hope for. The visuals and data alone are worth many times the price."
KEN FISHER, founder and CEO, Fisher Investments, Forbes "Portfolio Strategy" columnist, five-time New York Times bestselling author

"Super Boom reminds the reader of the power of compounding. DJIA 38,820 by 2025 might sound like an outrageous level, but the implied sub-9% compound annual growth rate (following a decade of decline) makes the target appear more attainable. Within these pages, Jeff demonstrates that he has learned a lot from his father and has inherited the reputation as a renowned and respected market historian."
SAM STOVALL, Chief Investment Strategist, Standard & Poor's Equity Research

"As a kid I taught Jeff how to catch big rainbow trout in Montana. In Super Boom, he's returned the favor by showing us how to catch a monster stock market move. A must-read book."
LARRY WILLIAMS, trader

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