Prediction: The Dow Jones Industrial Average Will Hit 1 Million Within 50 Years. Here's Why.

With the Dow Jones Industrial Average (DJINDICES: ^DJI) sitting around 40,000, it may seem like a big stretch to expect it to reach 1 million at any point. But it isn't as far-fetched as it seems. After all, in the year 1900, the Dow was at 66. That isn't a typo. Can you imagine how outlandish it might have seemed if someone back then had predicted the index ever reaching 1,000. But we're more than an order of magnitude beyond that point today.It likely won't take a century for the Dow to reach the 1 million milestone. In fact, I'm going to make the prediction that the Dow Jones Industrial Average -- which tracks 30 of the largest U.S. companies and whose value is tied to the value of those companies -- will cross that level within the next 50 years.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool