Forget Dow 40,000… Here Comes 120,000…

In 1999, fund manager David Elias made a bold call: the Dow Jones would hit 40,000 by 2016. He was mocked when the dot-com bubble burst — but 25 years later, his prediction finally came true. What does that tell us about the power of compounding… and where the market could be headed next?

“Keep your eye on one thing and one thing only”

All government spending must be paid for somehow. Whether we’re taxed, indebted or inflated away matters less than you might think. But who’d cut spending?