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Man who called Dow 20,000 says one of the biggest stock-market dangers in 2020 is ‘people could be throwing risk to the wind’
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The Wharton professor who forecast that the Dow Jones Industrial Average would see 20,000 at the end of 2015 says that market fundamentals are sufficient to support the recent run-up in U.S. equity benchmarks but worries that euphoria or a meltup could take stocks to unsustainable levels.