Nasdaq 15,000 is near. Do I hear 30,000?

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Nasdaq 15,000 is near. Do I hear 30,000?

MarketWatch2021-07-27

How the Nasdaq Composite could eclipse the Dow in points in 10 years AGENCE FRANCE-PRESSE/GETTY IMAGES Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...

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Jasontay81
·2021-07-27
Yeah, please like!
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2
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- WB13:
  done
  2021-07-28
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Daffn3
·2021-07-27
[Smile]
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1
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CaptainMiya
·2021-07-27
[Strong]
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7
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ERICGAN
·2021-07-27
Yeah
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2
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siewling19
·2021-07-27
Wow
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- CaptainMiya:
  [Strong]
  2021-07-27
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- Ohyzzz:
  Like
  2021-07-27
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Khoogl
·2021-07-27
Great
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- iisterry:
  Yeah
  2021-07-27
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437405Peter
·2021-07-27
Great platform tiger
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- 437405Peter:
  Great!
  2021-07-27
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437405Peter
·2021-07-27
Great!
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1
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Heng8818
·2021-07-27
Never
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Alvinlimsg
·2021-07-27
Hi
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- Lewis1983:
  Hi
  2021-07-28
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SmartHunter
·2021-07-27
Wowowow comment and like!!
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3
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- Lingclass:
  Liked
  2021-07-27
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Megaverse
·2021-07-27
?? yes
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- Huatcel:
  Hihi
  2021-07-27
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CTLT
·2021-07-27
So can buy now?
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- Megaverse:
  Ok
  2021-07-27
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JHx
·2021-07-27
Nani
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5
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AntonyGeorge
·2021-07-27
Will need to book ambulance
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- AntonyGeorge:
  yes
  2021-07-27
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DKim
·2021-07-27
Train continues
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- koolgal:
  Chugging along merrily?
  2021-07-31
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kareayam
·2021-07-27
Higher and higher[鬼臉]
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- Elysium19:
  ?
  2021-07-27
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JT888
·2021-07-27
?
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- 羊坑:
  not possible within this year
  2021-07-27
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If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. 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Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","article_id":"1138487254","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","pubTimestamp":1627391824,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"translate_title":"纳斯达克15000就在附近。我听到3万吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":803047683,"gmtCreate":1627398416842,"gmtModify":1703489243773,"author":{"id":"4089438738591500","authorId":"4089438738591500","name":"Jasontay81","avatar":"https://static.tigerbbs.com/ea8f089bf917f0af5a9c5691aa849a93","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4089438738591500","idStr":"4089438738591500"},"htmlText":"Yeah, please like!","listText":"Yeah, please like!","text":"Yeah, please like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803047683","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5350570,"gmtCreate":1627422650177,"gmtModify":1663231590629,"authorId":3573351657200487,"author":{"id":3573351657200487,"idStr":"3573351657200487","authorId":3573351657200487,"name":"WB13","avatar":"https://static.tigerbbs.com/c32eff74d0ce173f7e10df861c0ee416","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":803047683,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"},{"id":803019421,"gmtCreate":1627396171263,"gmtModify":1703489160629,"author":{"id":"3575889967244102","authorId":"3575889967244102","name":"Daffn3","avatar":"https://static.tigerbbs.com/17dacfbb92b1435740ae069588894b04","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575889967244102","idStr":"3575889967244102"},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803019421","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809743894,"gmtCreate":1627394443018,"gmtModify":1703489088876,"author":{"id":"3583738006388208","authorId":"3583738006388208","name":"CaptainMiya","avatar":"https://static.tigerbbs.com/48b66794427d9d57f06bb85d96e46757","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583738006388208","idStr":"3583738006388208"},"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809743894","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809757511,"gmtCreate":1627394318333,"gmtModify":1703489084416,"author":{"id":"3586737269713101","authorId":"3586737269713101","name":"ERICGAN","avatar":"https://static.tigerbbs.com/a1d47fb3c42fd4b48bf2db7076d6fd8a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586737269713101","idStr":"3586737269713101"},"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809757511","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809720785,"gmtCreate":1627393711347,"gmtModify":1703489058803,"author":{"id":"3586435226448634","authorId":"3586435226448634","name":"siewling19","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586435226448634","idStr":"3586435226448634"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/809720785","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347686,"gmtCreate":1627394458796,"gmtModify":1663231577138,"authorId":3583738006388208,"author":{"id":3583738006388208,"idStr":"3583738006388208","authorId":3583738006388208,"name":"CaptainMiya","avatar":"https://static.tigerbbs.com/48b66794427d9d57f06bb85d96e46757","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809720785,"type":1,"supId":0,"prevId":0,"content":"[Strong]","text":"[Strong]","html":"[Strong]"},{"id":5347909,"gmtCreate":1627395249816,"gmtModify":1663231574439,"authorId":3557653405123178,"author":{"id":3557653405123178,"idStr":"3557653405123178","authorId":3557653405123178,"name":"Ohyzzz","avatar":"https://static.tigerbbs.com/402442a70c451e1caf443199e55a77bb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809720785,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"}],"langContent":"EN"},{"id":809767543,"gmtCreate":1627393677782,"gmtModify":1703489056501,"author":{"id":"3566032787349185","authorId":"3566032787349185","name":"Khoogl","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3566032787349185","idStr":"3566032787349185"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809767543","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347543,"gmtCreate":1627393828323,"gmtModify":1663231576028,"authorId":3574735608125569,"author":{"id":3574735608125569,"idStr":"3574735608125569","authorId":3574735608125569,"name":"iisterry","avatar":"https://static.tigerbbs.com/d1e6ac22c3e636a9e4d60bfd6d96be2a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809767543,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"},{"id":809787977,"gmtCreate":1627393405099,"gmtModify":1703489041054,"author":{"id":"4090234877856710","authorId":"4090234877856710","name":"437405Peter","avatar":"https://static.tigerbbs.com/7af5a0286821b75068f13e1620729fc3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4090234877856710","idStr":"4090234877856710"},"htmlText":"Great platform tiger","listText":"Great platform tiger","text":"Great platform tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809787977","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347458,"gmtCreate":1627393463234,"gmtModify":1663231573343,"authorId":4090234877856710,"author":{"id":4090234877856710,"idStr":"4090234877856710","authorId":4090234877856710,"name":"437405Peter","avatar":"https://static.tigerbbs.com/7af5a0286821b75068f13e1620729fc3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809787977,"type":1,"supId":0,"prevId":0,"content":"Great!","text":"Great!","html":"Great!"}],"langContent":"EN"},{"id":809782383,"gmtCreate":1627393333042,"gmtModify":1703489037434,"author":{"id":"4090234877856710","authorId":"4090234877856710","name":"437405Peter","avatar":"https://static.tigerbbs.com/7af5a0286821b75068f13e1620729fc3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4090234877856710","idStr":"4090234877856710"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809782383","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809783129,"gmtCreate":1627393220261,"gmtModify":1703489032495,"author":{"id":"3568786704362500","authorId":"3568786704362500","name":"Heng8818","avatar":"https://static.tigerbbs.com/3764044eede2191369830316254f5b6e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3568786704362500","idStr":"3568786704362500"},"htmlText":"Never","listText":"Never","text":"Never","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809783129","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809710308,"gmtCreate":1627392871804,"gmtModify":1703489015351,"author":{"id":"3578802764506490","authorId":"3578802764506490","name":"Alvinlimsg","avatar":"https://static.tigerbbs.com/da35fe6140e90255fcfc90ff4acbfeb7","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3578802764506490","idStr":"3578802764506490"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809710308","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5352065,"gmtCreate":1627430752563,"gmtModify":1663231593243,"authorId":3570667103076911,"author":{"id":3570667103076911,"idStr":"3570667103076911","authorId":3570667103076911,"name":"Lewis1983","avatar":"https://static.tigerbbs.com/099e9d25c1e6a93e2189500df30fc185","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809710308,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":809735010,"gmtCreate":1627392802630,"gmtModify":1703489009249,"author":{"id":"3586907191866715","authorId":"3586907191866715","name":"SmartHunter","avatar":"https://static.tigerbbs.com/69402f0b380884d842e640f724fb7467","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3586907191866715","idStr":"3586907191866715"},"htmlText":"Wowowow comment and like!!","listText":"Wowowow comment and like!!","text":"Wowowow comment and like!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809735010","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347382,"gmtCreate":1627393142031,"gmtModify":1663231573432,"authorId":3576445214043888,"author":{"id":3576445214043888,"idStr":"3576445214043888","authorId":3576445214043888,"name":"Lingclass","avatar":"https://static.tigerbbs.com/950af8fc59792b26f3c6dc5e2b211022","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809735010,"type":1,"supId":0,"prevId":0,"content":"Liked","text":"Liked","html":"Liked"}],"langContent":"EN"},{"id":809738901,"gmtCreate":1627392697903,"gmtModify":1703489005113,"author":{"id":"3576278607547570","authorId":"3576278607547570","name":"Megaverse","avatar":"https://static.itradeup.com/news/0bc7f9365fb6866c5d290efdfb79d160","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576278607547570","idStr":"3576278607547570"},"htmlText":"?? yes&nbsp;","listText":"?? yes&nbsp;","text":"?? yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809738901","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347373,"gmtCreate":1627393118649,"gmtModify":1663231574444,"authorId":3582349066499647,"author":{"id":3582349066499647,"idStr":"3582349066499647","authorId":3582349066499647,"name":"Huatcel","avatar":"https://static.tigerbbs.com/a4d6dc5ff854a615f554459ab92c2e24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809738901,"type":1,"supId":0,"prevId":0,"content":"<u>Hihi</u>","text":"<u>Hihi</u>","html":"<u>Hihi</u>"}],"langContent":"EN"},{"id":809733544,"gmtCreate":1627392623888,"gmtModify":1703489002955,"author":{"id":"3575034880210493","authorId":"3575034880210493","name":"CTLT","avatar":"https://static.tigerbbs.com/7281d38ef945e595e240f73b0b57e538","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575034880210493","idStr":"3575034880210493"},"htmlText":"So can buy now?","listText":"So can buy now?","text":"So can buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809733544","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347259,"gmtCreate":1627392687436,"gmtModify":1663231574250,"authorId":3576278607547570,"author":{"id":3576278607547570,"idStr":"3576278607547570","authorId":3576278607547570,"name":"Megaverse","avatar":"https://static.itradeup.com/news/0bc7f9365fb6866c5d290efdfb79d160","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809733544,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":809733613,"gmtCreate":1627392606632,"gmtModify":1703489004782,"author":{"id":"3573821515865359","authorId":"3573821515865359","name":"JHx","avatar":"https://static.tigerbbs.com/54eb39bebd911124a59d7bf934977d25","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3573821515865359","idStr":"3573821515865359"},"htmlText":"Nani","listText":"Nani","text":"Nani","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809733613","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809739110,"gmtCreate":1627392582430,"gmtModify":1703489001307,"author":{"id":"3575960528012254","authorId":"3575960528012254","name":"AntonyGeorge","avatar":"https://static.tigerbbs.com/42c9567b5a3657003840b0dc4fcee15c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575960528012254","idStr":"3575960528012254"},"htmlText":"Will need to book ambulance","listText":"Will need to book ambulance","text":"Will need to book ambulance","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809739110","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347242,"gmtCreate":1627392611792,"gmtModify":1663231573548,"authorId":3575960528012254,"author":{"id":3575960528012254,"idStr":"3575960528012254","authorId":3575960528012254,"name":"AntonyGeorge","avatar":"https://static.tigerbbs.com/42c9567b5a3657003840b0dc4fcee15c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809739110,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"},{"id":809730850,"gmtCreate":1627392531270,"gmtModify":1703488999975,"author":{"id":"3572428109068921","authorId":"3572428109068921","name":"DKim","avatar":"https://static.tigerbbs.com/2bcfaaf6da9577d8a6da421538592a0e","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3572428109068921","idStr":"3572428109068921"},"htmlText":"Train continues","listText":"Train continues","text":"Train continues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809730850","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5383560,"gmtCreate":1627688165139,"gmtModify":1635163821335,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.05","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":809730850,"type":1,"supId":0,"prevId":0,"content":"Chugging along merrily?","text":"Chugging along merrily?","html":"Chugging along merrily?"}],"langContent":"EN"},{"id":809796096,"gmtCreate":1627392209815,"gmtModify":1703488991506,"author":{"id":"3574924540403487","authorId":"3574924540403487","name":"kareayam","avatar":"https://static.tigerbbs.com/76c77978f4b287e714563b2757b7a227","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3574924540403487","idStr":"3574924540403487"},"htmlText":"Higher and higher[鬼臉]&nbsp;","listText":"Higher and higher[鬼臉]&nbsp;","text":"Higher and higher[鬼臉]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809796096","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347724,"gmtCreate":1627394589928,"gmtModify":1663231574835,"authorId":3574948695055795,"author":{"id":3574948695055795,"idStr":"3574948695055795","authorId":3574948695055795,"name":"Elysium19","avatar":"https://community-static.tradeup.com/news/f52fc418c6d2a471cb76dff722fc04d5","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809796096,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"CN"},{"id":809791161,"gmtCreate":1627392054453,"gmtModify":1703488989531,"author":{"id":"3560310978208055","authorId":"3560310978208055","name":"JT888","avatar":"https://static.tigerbbs.com/401d4c74d73fbfc36934d21a5f23ac78","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3560310978208055","idStr":"3560310978208055"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/809791161","repostId":1138487254,"repostType":4,"repost":{"id":"1138487254","pubTimestamp":1627391824,"share":"https://ttm.financial/m/news/1138487254?lang=&edition=fundamental","pubTime":"2021-07-27 21:17","market":"us","language":"en","title":"Nasdaq 15,000 is near. Do I hear 30,000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138487254","media":"MarketWatch","summary":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAG","content":"<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8474c2fb4a64f693d66e2d4ffd1d7d\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Nasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.</p>\n<p>Welcome to the latest parlor game inspired by the Nasdaq Composite’s&nbsp;extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.</p>\n<p>To be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.</p>\n<p>A related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.</p>\n<p><b>Here’s the catch</b></p>\n<p>Before you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.</p>\n<p>For example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.</p>\n<p>So the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.</p>\n<p><img src=\"https://static.tigerbbs.com/b13c6bd176fff9917be367c0d304aa48\" tg-width=\"700\" tg-height=\"471\" width=\"100%\" height=\"auto\"></p>\n<p>What is realistic? The answer depends on various factors, such as whether you take the&nbsp;market’s current extreme overvaluation&nbsp;into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a&nbsp;database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).</p>\n<p>Based on his database, here’s what I project for the Nasdaq’s performance in coming years:</p>\n<ul>\n <li>Overall market’s annualized return since 1793: 6.1% annualized above inflation</li>\n <li>Expected inflation over next decade: 1.6% (per&nbsp;Cleveland Fed model)</li>\n <li>Nasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per&nbsp;data since 1926 from Dartmouth professor Ken French&nbsp;on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)</li>\n</ul>\n<p>The net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.</p>\n<p>In fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.</p>\n<p>The bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq 15,000 is near. Do I hear 30,000?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq 15,000 is near. Do I hear 30,000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its ...</p>\n\n<a href=\"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/nasdaq-15-000-is-near-do-i-hear-30-000-11627374665?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138487254","content_text":"How the Nasdaq Composite could eclipse the Dow in points in 10 years\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nNasdaq 30,000? It’s not as far-fetched as you might think. If the index continues rising at its rate of the past 12 months, it will hit this otherwise unimaginable milestone in just two years — July 2023.\nWelcome to the latest parlor game inspired by the Nasdaq Composite’s extraordinary performance that has led it to the cusp of the 15,000 mark. The index traded below 7,000 as recently as March 2020.\nTo be sure, the Nasdaq Composite is artificially high because of its artificially low levels in the early days of the coronavirus pandemic. But that explains only part of how quickly the Nasdaq could hit 30,000. If we instead extrapolate the Nasdaq’s return over the past five years, it only marginally increases how long it will take for it to do so — to 3.3 years.\nA related parlor game is to imagine how long it will take for the Nasdaq index to eclipse the Dow Jones Industrial Average.That would take somewhat longer, since the Dow itself would rise as the Nasdaq tries to overtake it. But, assuming these two benchmarks’ respective five-year growth rates persist, the Nasdaq would overtake the Dow in 9.9 years — in the summer of 2031.\nHere’s the catch\nBefore you get too excited by the prospect of these lofty Nasdaq Composite levels, you should know there’s a catch: These projections depend crucially on the time period you choose to extrapolate into the future. Not all lead to rosy projections.\nFor example, instead of focusing on the last one- or five-year periods, use the past 21+ year period to extrapolate. That takes you back to the top of the internet bubble, right before the Nasdaq Composite shed almost 80% of its value as that bubble deflated. Assuming the Nasdaq’s growth rate since the March 2000 top, it would hit the 30,000 mark in 14 years and never overtake the Dow — since these blue-chip stocks in fact have outperformed the Nasdaq over the past 21+ years.\nSo the real point of these parlor games should be to introduce a reality check into your projections of the market’s future. Recent years have been far better for equities than we have any right to expect going forward.\n\nWhat is realistic? The answer depends on various factors, such as whether you take the market’s current extreme overvaluation into account. But if you simply extrapolate the past into the future without regard to valuation, you should look at as long a past as possible. In the case of the U.S. market, data is available at least as far back as 1793 (courtesy of a database from Edward McQuarrie, professor emeritus at the Leavey School of Business at Santa Clara University).\nBased on his database, here’s what I project for the Nasdaq’s performance in coming years:\n\nOverall market’s annualized return since 1793: 6.1% annualized above inflation\nExpected inflation over next decade: 1.6% (per Cleveland Fed model)\nNasdaq Composite’s expected return relative to overall market: Minus 0.1% annualized (per data since 1926 from Dartmouth professor Ken French on the performance of the large-cap growth sector, which is closest to the stocks that dominate the Nasdaq Composite)\n\nThe net result: A nominal return of 7.6% annualized in future years. That’s a lot lower than the Nasdaq Composite’s 41.8% return over the past 12 months, or its 23.8% annualized return over the past five years.\nIn fact, 7.6% annualized is not much better than the Nasdaq Composite’s average return since the top of the internet bubble. At a 7.6% annualized clip, it will take 9.7 years for the index to reach 30,000. Keep in mind that, assuming that the market’s current overvaluation impacts equities’ future return, it will take even longer for the Nasdaq Composite index to reach 30,000.\nThe bottom line? Trees don’t grow to the sky. While celebrating the good fortune the markets have produced in recent years, most definitely you should not get greedy.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5347153,"gmtCreate":1627392158816,"gmtModify":1663231574137,"authorId":3586752780223051,"author":{"id":3586752780223051,"idStr":"3586752780223051","authorId":3586752780223051,"name":"羊坑","avatar":"https://static.tigerbbs.com/88ac1a68d3b3acc9ac25a13efb6869c0","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.62%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809791161,"type":1,"supId":0,"prevId":0,"content":"not possible within this <u>year</u>","text":"not possible within this <u>year</u>","html":"not possible within this <u>year</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":100,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}