Author Topic: Buy Now! Markets will double in 5 years  (Read 2215 times)

RichMoose

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Buy Now! Markets will double in 5 years
« on: October 17, 2014, 10:45:43 AM »
Fundstrat's research guru Tom Lee is predicting the US market to double in 5 years from current valuations. He is talking S&P 500 index earnings to go to about $190 / per share. Implying that in 5 years the market will be priced at P/E: 20 and annual returns will be over 14%. I'm amazed how these guys even have jobs, but I'm all for a little financial humor.

For your viewing pleasure: http://www.bloomberg.com/video/energy-stocks-look-really-cheap-and-beat-up-lee-Wfo1ucolTqavsTly1Pmxeg.html

gimp

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Re: Buy Now! Markets will double in 5 years
« Reply #1 on: October 17, 2014, 12:29:16 PM »
Once everyone starts agreeing with him, I'm buying bond funds. :)

senecando

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Re: Buy Now! Markets will double in 5 years
« Reply #2 on: October 17, 2014, 01:39:35 PM »
I'm not confident, but I got a suit. Halfway there!

Next, buying screens but not hiring people to look at them.
« Last Edit: October 17, 2014, 01:41:45 PM by senecando »