Get ready for a huge bull market! Paul Mampilly is predicting that the Dow Jones industrial average will reach an all time high of fifty thousand points. Even more, fifty thousand points is just the beginning. He expects the Dow Jones to continue climbing even higher than that in the future.
Paul Mampilly is basing his forecast on two huge megatrends that exist in our time. The first trend is how the internet of things is becoming more and more popular. The second trend is the rise of the millennial generation. Already, the millennial generation is contributing to the economy and driving the stock market in a certain direction. Many startups are geared towards these millennials. Millennials have contributed to the rise of social media. They will buy new technologies.
Paul Mampilly says that right now, we are experiencing 1982 all over again. That is when there was the greatest bull market in American history. It had to do with the same two things going on. There was the emergence of computing, and there was the emergence of the baby boomer generation.
The internet of things is going to impact all companies. It will lead to more productivity. There will be more efficiency. Companies will have no problem getting things done easier and faster. This means that prices will go down, even while production will be going up. This means great news for the economy in general and the stock market.
The millennials are also going to play a large role in the stock market boost. They are now at their peak earnings and income power. This means that they will start spending more money on new stuff, especially new technologies that appeal to them. The millennials are already starting to change the economy in the same way the baby boomers changed it in 1982. There are ninety two million Americans who fall under the category of millennials, so you should not underestimate their impact.
Paul Mampilly says that you should not listen to those who say the stock market is going to crash. These are the people who said the same thing in 1982.
Paul Mampilly won the Templeton Award for bringing a 76% ROI on his investments. He founded Profits Unlimited and Capuchin Consulting. He writes and is an editor for Banyan Hill Publishing.
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