Ron Baron says Dow to hit 500,000 in 50 years, in line with Buffett

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Buy-and-hold billionaire Ron Baron predicted on Friday that the Dow Jones Industrial Average will reach 500,000 in the next 50 years.

READ MORE  Nasdaq to beat the broader market this year: Tech investor Paul Meeks

Speaking from his annual investment conference in New York, Baron told CNBC the stock market reflects the economy. Therefore, he argued, if gross domestic product doubles every 10 years, so will the market.

Extrapolating that…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *