When will the 2024 high for djia occur?
°Leprechaun:
What day will the closing be the highest?
Regardless of whether it will hit an all time high.
You have two choices.
I am going with the 3rd and 4th options.
I also suspect that it will hit all time highs at least three times.
It will close at 39000 - 40000 on the last trading day of the year.
The all time high will occur on December 11th and it will be 39357.35
Tintrlvr:
It would be quite surprising if the DJIA fails to reach 40,000 next year, which I could only see happening if the US enters a recession (not currently forecast by most economists), and the stock market is quite undervalued relative to fundamentals at the moment because investors have been pricing in a recession for the last ~15 months. Reminder that hitting 40,000 is only about an 11% gain from right now.
I vote for the last option because the market tends to go up over time so it would be unusual for the calendar year peak to be at any time but at the end of the year. I haven't looked back at statistics but I would guess at least 50% of calendar year peaks and possibly much higher have been in Q4.
°Leprechaun:
The djia could pass 40,000 soon. Will it continue to rise after that? Any thoughts as to how high it could go this year?
°Leprechaun:
It is currently very close to 40,000. (close yesterday 39768.31 and today at 9:36 it is at 39,789.76) It could be this week or next that it closes at 40,000 or above)
The current high was on March 21, but it may closer higher this month or next.
oldtimer:
Quote from: °Leprechaun on March 28, 2024, 08:40:35 AM
It is currently very close to 40,000. (close yesterday 39768.31 and today at 9:36 it is at 39,789.76) It could be this week or next that it closes at 40,000 or above)
The current high was on March 21, but it may closer higher this month or next.
The day after election day.
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