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Warren Buffett: Dow will hit 1 million in 100 years

From money.cnn.com

Warren Buffett isn't nervous about a stock market bubble. The legendary investor thinks anyone betting against America is "out of their mind." Buffett, a reliable optimist about the future of the U.S., predicted on Tuesday night that the Dow Jones Industrial Average will be "over 1 million" in 100 years. That would be roughly 45 times the Dow's current level of nearly 22,400, which is already a record high. "Being short America has been a loser's game. I predict to you it will continue to be a loser's game," the Berkshire Hathaway chairman said. Buffett was speaking at a New York event commemorating the 100th ... (full story)

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