In 2013, I wrote, " we will see Dow 5,000 before we see Dow 20,000" To make matters worse, I went on CNBC to argue that printing money takes from savers to give to borrowers like the US Government. While creating winners and losers, loose money, I argued, makes the overall pie smaller.
Today, I am preparing to eat crow. The Dow is less than 2% from 20,000. It is almost mathematically impossible for my prediction to come true. I am preparing my list of excuses, and will publish them at Dow 20000.