Buy-and-hold billionaire Ron Baron told CNBC on Friday "fear is evident" in the stock market, but that should not deter people from investing in stocks.based on historical moves over decades, will reach 650,000 in 50 years, with an over $500 trillion U.S. economy."Everybody is worried about something," Baron said on"If you invested in 1969, amidst turmoil in 1969, you would have make 25 times your money.
"The economy then was $850 billion. It's now $21.3 trillion. That's up 25 times," he said. "All you had to do was believe that this country was going to survive and invest then and you would have made 25 times your money."
Pure fantasy that the Economic World Order can continue.
... at least 500K
This is CNBC twitter crap on the weekend. What a disgrace. Next watch for the coming recession report.
Do u know that $XRP is designed for $10,000+ per coin like Bitcoin 🔥🚀 $XRP was $0.006 in Jan 2017 and $3.67 in Jan 2018! That is 600X which is 60,000% up in just 12 months! Watch Just HODLING On Demand LIQUIDITY Asset $XRP !!
Whelp- we must be at a top when calls like this start coming out
That's only because the dollar will be worthless.
And in 2,123 years the DOW will be 15,000,000.
He needs new glasses
The_Real_Fly comment please
edited: *mr Baron SLEEPS and sees the Dow at 650,000 in 50 years good morning in real life mr Baron, it won't happen here
Wtf that means?$?
He is having delusions 😂
If the Federal Reserve gets its way, perhaps it will.
Funniest nonsense I’ve read in years
I see the Numbers too... PositiveMind
I can see $BTC at 90 quintillion in 50 years 🙉
But, how many people does this matter to in reality?
Why not 285.000 or 543.234
Stick ‘em up, it’s The Fun Lovin Criminals
When debt is at a quadrillion this will be possible!
Not if there is a wealth tax
If he's wrong, sue him.
Sure, when the average 3 bedroom house is $10m
😁😁😁
And won’t be alive to see it.
Maybe if the U.S. population reaches 2 or 3 billion, it's not an impossibility.
My target was actually 600,000. Brilliant minds think alike.
Yet on 20% of the population will be in a financial position to invest. The stock market will soon be a tool for he rich to get richer.
Rich get richer. What about everyone else?
Maybe in 10 years if trump family is in power
Just saying anything. What a turd
As he begins to liquidate.
OkBoomer
50 years? doubtit
Of course! Infinite growth in a finite planet with finite resources...makes sense, extremely logical 🤦🏽♂️
It doesn't matter if it doesn't translate to improving the economic conditions of workers around the world.
Workers still fighting for a decent minimum wage, too?
Talking his tax rate...
With the Fed supplying unlimited liquidity no problem.
Pipe dreams
doubt anyone will be able to call him on that in 2069
People in 50 years: What's the Dow?
Yeah thanks to UBI and 100% tax on all wealth over 50 million!
The bigger question we should be asking ourselves is why does the level of the Dow Jones matter. At all. 💀= Me waiting for the day price-weighted indices are a distant memory.
Still uses Lotus 1-2-3.
I see Russia from my window
Why is 6.5% a year so remarkable?
And a loaf of bread will cost $1000.
Sp what if he is wrong? Will he be around to apologise
I’ll be dead in fifty years... 🤔 Modern medicine... Maybe not... 😁😎 But damn sure I’ll be demanding a lot of whiskey 🥃
It will be 0 if Bernie is president
Yep and $100 for a gallon of milk
I see Ron Baron dead in 50 months
Even single recession period will lead to failure of 10 Years...... New stock market highs take 10 Years to reach........
Clearly this dullard isn't pay attention, and relies on hubris as a market indicator. Newsflash grandpa, the economy has been destroyed. We are $200+ trillion in national debt and unfunded liabilities. QE until the bubble pops, then witness the end of the American Empire.
Re: $XRP is designed for $10,000+ per coin like Bitcoin 🔥🚀 $XRP was $0.006 in Jan 2017 and $3.67 in Jan 2018! That is 600X which is 60,000% up in just 12 months! If you can't accept that $XRP can get back in $3 range you're not ready for $10K $XRP
This guy wants fame. 50 years not many here to remember this. Sounds like another Krugman to me.
Dotard
He'll be dead by then, but I'm hopefully alive to tweet that he was WRONG
😳😑🤔
Thanks wow especially if you legalize weed
kees120954 But first 20000 in 2020
He definitely knows how to compound .
Yep Fed owns then 90% of the stockmarket !
That's biggest lie ever told.....
Really? The local bus driver sees the DOW at 649000 in 51 yrs. I tend to think he's right.
I’ve got it at 850,000. Who wants to prove me wrong? Can I come on CNBC now that I have made the most outlandish claim?
in 50 years, a cup of coffee is probably going to cost 500
But gold will be at 10000000000000000000000000000000000000000000000000000000. Get it? Hyperinflation.
I won’t be here
Predictions fail. Period.
The idea the Economic World Order will exist in 10 years let alone 50 is insane.
Ok that over 12,000 a year. I’m gunna be RICH
NATIONAL DEBT at $230 Trillion by then . LOL
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I see Mt. Everest twice as tall in 100 years.
I predict it will be 600,000 ........................Jesus that 50 year from now what is he Nostradumbass
Slavery has been alive and well but most Americans are too busy and stupid to have figured it out. You can’t have trillion dollar deficits unfunded and say it’s not theft on the working class. It’s called debt monetization.
How about in 30?
As long as the govt keeps up trillion dollar deficits and that trillion keeps making its way to the Ponzi stock market....sure it will. A better question is what happens when the producing middle class not in the Ponzi, figure out that this is theft against their labor. Then what
I will be dead by then so I don’t care 🤷♂️
As long as the trumps stay in office Hehe j/k just sounded like something one of the members of cult45 would say.
And where will the environment be
6.58% compounded ROR
That would work for me.
Unless Trump loses in 2020
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