Paul Mampilly has great hopes for the stock market. He believes that it will continue to rise and reach great heights. He believes that this is a result of a number of factors, which also led to the great bullish investment market between 1982 and 2000, where investors became really rich. The first thing is that new technology is coming out. In 1982, the new technology was called computers. These days, there are so many other forms of new technology that are coming out. There will be electric cars, for example. There is virtual reality, which will change the way we watch movies and television and play video games. So many other new technologies are coming to the public, such as microchip technology. The internet of things is the equivalent of personal computers. It will change the way we live our lives. The second factor is that millennials are now rising. They are spending a lot of money on these new technologies, which will boost the economy, increase the sales of the companies that produce the new technologies, and lead to the stock market soaring to new heights.
— Paul Mampilly (@Paul_M_Guru) November 16, 2017
Paul Mampilly says that he forecasts the Dow Jones to rise to fifty thousand. He points to 1982, when personal computers came out and the baby boomer generation started becoming active in the economy. In 1982, the Dow Jones was only at one thousand, and now it has since reached over twenty five thousand. There is no reason to believe that it will not reach another twenty five thousand, to fifty thousand, in a decade or two. However, Paul Mampilly says that even greater heights can be expected, and that fifty thousand is really just the beginning. He believes that at the end of the day, the Dow Jones will go much higher than just fifty thousand.
Paul Mampilly believes that 1982 is playing itself over. We have the same two megatrends that are going on. Just like personal computers changed the economy, the internet of things will also change the entire economy. It will make companies be more productive. It will bring companies more profits, just like computers did. This will result in the stock market rising even more.
Paul Mampilly is the senior editor at Banyan Hill Publishing and the head of Profits Unlimited.
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