Dow 15000 Discussion on CNBC

The mention of the number Dow 15000 in our 2010 Stock Trader's Almanac has been somewhat of a lightening rod lately. Thanks to Erin Burnett and CNBC for inviting me down to the NYSE to explain the historical precedent and that is not a prediction, but merely an extrapolation based on the 50% average move in the Dow from the midterm low to the pre-election year high.

From page 78 of the 2010 Almanac entitled "Why A 50% Gain in the Dow Is Possible from Its 2010 Low to Its 2011 High" we state: "Since 1914 the Dow has gained 49.2% on average from its midterm election year low to its subsequent high in the following pre-election year. A swing of such magnitude is equivalent to a move from 8000 to 12000 or from 10000 to 15000."

Others have latched on to this fact and find it somewhat incredulous. The historical facts speak for themselves. Check out the full interview with me and Erin here:
http://www.cnbc.com/id/15840232?play=1&video=1385601111

And check out our actual annual forecast in the January 2010 at http://www.stocktradersalmanac.com/.