Dow 650,000? We Are Already There!

Just recently, CNBC ran an article touting the call of “Billionaire Investor Ron Baron” of the Dow reaching 650,000 in just 50-years.

As noted in the article:

“Speaking from his annual investment conference in New York, Baron predicted the Dow Jones Industrial Average, based on historical moves over decades, will reach 650,000 in 50 years, with an over $500 trillion U.S. economy.”

Doing some quick math, that assumption is for a 6.6% annualized return on both the Dow and the U.S. economy, as noted by Ben Carlson.

Here is the chart to prove it: