The Wall Street Journal won the award for the greatest “Shock And Awe” financial headline of the day when it published a story earlier entitled “Warren Buffett Says the Dow Is Going Over One Million.” The ‘Oracle of Omaha’ apparently made the ‘bold’ prediction at the 100-year anniversary celebration of Forbes magazine in which he also said that “being short America will continue to be a loser’s game.” Here are the highlights from WSJ:
You heard it from Warren Buffett first: the Dow Jones Industrial Average is headed above one million.
The blue-chip stock benchmark is likely to be above that milestone in a hundred years’ time, the Berkshire Hathaway Inc. chief executive and chairman said Tuesday night.
‘The Dow will be over a million and that is not a ridiculous forecast at all if you do the math,’ he said.
This post was published at Zero Hedge on Sep 20, 2017.
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