Dow to hit 100,000? Why one analyst thinks so

BNP Paribas analyst Philippe Gijsels has suggested inflationary monetary policy could mean the next bull market sees the Dow Jones Industrial Average hit 100,000.

Gijsels said it is not yet clear how successful policymakers' deployment of the "greatest financial experiment in history" has been, but pointed to two key periods in history as examples of the strength of previous bull cycles. The first of these, running from the post-war period through to the 1960s, saw the Dow increase tenfold over a period of 22 years, according to Gijsels. The second - the boom from 1982 to 2000 - saw the index rise more than 13-fold. For history to repeat itself, there must be a resolution to the current crisis  rather than more stop-gap measures, said Gijsels, ...