Jeffrey Hirsch's Prediction of Dow 38,820 by the Mid-2020s Is Looking Pretty Good

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“Incredulous” is how the 55-year-old Hirsch sums up reaction to his note, recalling a “WTF” reply from friend Barry Ritholtz, now a Bloomberg Opinion columnist. Eleven years later, “I’m happy, but I’m also thinking that we’ve gone a little bit ahead of it. So that means that I wouldn’t be surprised if we had a softer year next year, a little less performance.”