Why the Dow Could hit 20,000 by 2015

Back in January 2000, the Dow Jones came within 100 hundred points of the 12,000 mark. The subsequent recession knocked the index back a notch, and it wouldn't be able to breach the 12,000 level until October, 2006 — more than six years later. Dow 13,000 would arrive by the following spring, and by that fall, the index surpassed 14,000. It would eventually fall by half. And five years later, we're still trying to get back to Dow 14,000. I've recently been writing about my opinion that the stock market may be due for a breather after a strong three-year run, but that could well be the pause that refreshes a longer-term rally. The stars are aligning . . . → Read More: Why the Dow Could hit 20,000 by 2015