Dow 20,000 in 5 years?

[Grieve]

Company earnings are at an all time high, but P/E ratios have sunk very low due to the recession, Europe, deficit, China fears, and so on. As the world economy improves, those P/E ratios should go higher, and of course company profits should go up even more (if they can do this well in a bad economy....) So I don't think it's out of the question at all. It all really hinges on a global recovery and no really major shoes dropping to throw the US back into recession.