A massive stock market rally is on our doorstep according to several noted economists and distinguished investors.
Ron Baron, CEO of Baron Capital, is calling for Dow 30,000.
Brad McMillan, Chief Investment Officer of Commonwealth Financial Network, predicts: “Dow will hit 24,000 on its way higher … we should enjoy the ride!”
And Jeffrey A. Hirsch, author of Stock Trader’s Almanac, is calling for Dow 38,000.
However, Paul Mampilly’s “Dow 50,000” prediction is garnering national attention … not because it’s a bold prediction, but rather because every one of Mampilly’s past predictions have been spot-on.
Like when he predicted the tech crash of 1999 and the time he called the financial collapse of 2008 — months before they unraveled.
Mampilly’s predictions paid off big as the $6 billion hedge fund he managed was named by Barron’s as one of the “World’s Best.”
And Mampilly became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return ($38 million in profit on a $50 million stake) … during the 2008 and 2009 economic crisis.
Mampilly states: “Stocks are on the cusp of a historic surge. The Dow will rally to 50,000. I’ve never been more certain of anything in my career.”
The Dow and the US dollar are going in different directions. Even if Mampilly is correct and the stock market doubles, the purchasing power of the US currency will be cut in half. It's best to take your stock profits and buy gold and silver to preserve your wealth.