When will the 2024 high for djia occur?
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May 20, 2024, 08:06:51 PM
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  When will the 2024 high for djia occur?
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Author Topic: When will the 2024 high for djia occur?  (Read 2394 times)
°Leprechaun
tmcusa2
Junior Chimp
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« on: December 07, 2023, 06:58:12 AM »

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
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Tintrlvr
Junior Chimp
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« Reply #1 on: December 07, 2023, 06:01:15 PM »

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.
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°Leprechaun
tmcusa2
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« Reply #2 on: March 21, 2024, 05:41:58 PM »
« Edited: March 28, 2024, 08:40:47 AM by °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?

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°Leprechaun
tmcusa2
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« Reply #3 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.
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oldtimer
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« Reply #4 on: March 28, 2024, 05:02:47 PM »

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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°Leprechaun
tmcusa2
Junior Chimp
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« Reply #5 on: March 28, 2024, 05:31:03 PM »

I am not sure if the stock market is open tomorrow, although it isn't a holiday so I think it will.

Anyway, a new djia high today, and I expect it to inch closer to 40000 either or tomorrow or April.

I plan to retire at the end of 2024, so I am watching it (and the other two) every day.
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Tintrlvr
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« Reply #6 on: March 29, 2024, 09:07:40 AM »

I am not sure if the stock market is open tomorrow, although it isn't a holiday so I think it will.

Anyway, a new djia high today, and I expect it to inch closer to 40000 either or tomorrow or April.

I plan to retire at the end of 2024, so I am watching it (and the other two) every day.

The market is closed on Good Friday.
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Benjamin Frank 2.0
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« Reply #7 on: March 29, 2024, 11:03:51 AM »

Somebody needs to invent a Djia Ouija board.
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°Leprechaun
tmcusa2
Junior Chimp
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« Reply #8 on: March 30, 2024, 06:18:03 AM »

I am not sure if the stock market is open tomorrow, although it isn't a holiday so I think it will.

Anyway, a new djia high today, and I expect it to inch closer to 40000 either or tomorrow or April.

I plan to retire at the end of 2024, so I am watching it (and the other two) every day.

The market is closed on Good Friday.
I wasn't sure about that. I actually thought that it would be open since it isn't a holiday.
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