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Buy Now! Markets will double in 5 years
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Topic: Buy Now! Markets will double in 5 years (Read 2727 times)
RichMoose
Pencil Stache
Posts: 965
Location: Alberta
RiskManagement
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
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gimp
Handlebar Stache
Posts: 2344
Re: Buy Now! Markets will double in 5 years
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Reply #1 on:
October 17, 2014, 12:29:16 PM »
Once everyone starts agreeing with him, I'm buying bond funds. :)
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senecando
Bristles
Posts: 480
Age: 34
Location: Madison, Wi
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
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Buy Now! Markets will double in 5 years