A 27,251 Dow Target to Tide Us Over

Elsewhere on this page I’ve drum-rolled a 27,251 target for the Dow Industrials. It lies 1866 point above Tuesday’s closing price, so it should tide us over for a while. The bull has been knocking off lesser targets for months, but if it steamrollers this one, then perhaps the blue chip average is headed to 35,000 or higher as some seers have predicted. This is hard for me to imagine, but by now we should be used to having our imaginations stretched by the stock market’s nearly vertical climb. The big question is, how long will it take buyers to cover this distance? The safe answer is: less time, probably, than we might imagine.