Forex Books Talking

cheap. Hell, with anemic growth, how can the market justify an average PEG of 2.6x for these groups? By the way, anyone ever note how health care has

dominated stocks’ performance? These 9 groups are up an average of 2.66% year-to-date, but without the 12.4% health care run, the average returns is actually an anemic 1.45%.

Another gem from Birinyi from Friday is a list of strategists year-end S&P 500 Index targets. The list includes 19 chief strategist forecasts from major Wall

Street firms. (I worked with 2 of them in previous lives.) Interestingly, despite the negative items we outlined above, all but one has a target higher than the

recent S&P 500 Index close, and he is from Goldman Sachs. Two others project a 2350 close, which would mean a 11.5% rise from here. The average of all

19 is 2,232 which equates to a 8.4% gain from 12/31/14 and a 5.9% rise from current levels. On December 15, 2014, we forecasted a 5% peak gain in the S&P 500 for 2015.

That would take it to 2162, a modest 2.6% move from the 2107 close. Not only will I stick with my number as a peak projection but I will even go so far as to say

that we will be below this figure by year-end, plus or minus 20 points. I just think that we could drop several percentage points before a solid rally, just as we experienced in 2014.

http://finance.yahoo.com/video/amuse...125420907.html The premise is sound but FUN, SEAS, and SIX are valued at 25x 2015 EPS, with upside to 10%. Check back in Dec..

I don’t know why economists are making excuses in reporting. Can’t we just agree the economy sucks, which is obviously bad for stocks?

Another gem from Birinyi from Friday is a list of strategists year-end S&P 500 Index targets. The list includes 19 chief strategist forecasts from major Wall

Street firms. (I worked with 2 of them in previous lives.) Interestingly, despite the negative items we outlined above, all but one has a target higher than the

recent S&P 500 Index close, and he is from Goldman Sachs. Two others project a 2350 close, which would mean a 11.5% rise from here. The average of all

On December 15, 2014, we forecasted a 5% peak gain in the S&P 500 for 2015. That would take it to 2162, a modest 2.6% move from the 2107 close. Not

only will I stick with my number as a peak projection but I will even go so far as to say that we will be below this figure by year-end, plus or minus 20 points. I