Ron Baron: Dow Jones Could Hit 60,000 by 2032

Ron Baron, the founder of Baron Capital Group, is bullish on the world economy. In a CNBC interview earlier today, the fund manager predicted that the DOW Industrial average (INDEXDJX:.DJI) could hit 28,000 in ten years, and could hit 60,000 in 20 years. The incredibly bullish comments mirror those being made by Baron in recent conferences and interviews.

Baron believes that, including inflation, the economy is due to grow by about 7% per year for an extended period of time. The DOW Industrial index (INDEXDJX:.DJI), which hit its highest closing level of all...