Godlike Productions - Conspiracy Forum
Users Online Now: 2,720 (Who's On?)Visitors Today: 2,229,319
Pageviews Today: 3,055,289Threads Today: 704Posts Today: 13,084
08:45 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

S+P Could Hit 3000 by 2020! Bull Market Far from Over, Jon Markman Says

 
Anonymous Coward
User ID: 951462
United States
04/27/2010 11:15 AM
Report Abusive Post
Report Copyright Violation
S+P Could Hit 3000 by 2020! Bull Market Far from Over, Jon Markman Says
Jon Markman first appeared on our show in December and urged investors to go long. Fast forward four months and we all know how the market has surged. Friday, the markets edged even higher, with the Dow up for the eighth-consecutive week.

"It's still the right thing to be long," Markman tells Aaron in the accompanying clip, citing still-low interest rates, strong investor appetite for corporate bonds and stubborn disbelief from the bears. "This is the most morose bull market in history," says the author and Marketwatch columnist.

Room for growth. "If the public doesn't get on board with this bull market, the companies are going to do it themselves both by buying other companies, and bidding up the market that way, and buying back their own stock," Markman says.

Translation: The upside hasn't all been priced into the market yet and it's not too late to jump on board the train.

S&P 3000. Reflecting on financial history and last round of massive government stimulus in the early 1990s, after which the S&P rose five-fold, Markman says the S&P could hit 3000 by the end of the decade. Recalling "Something along those lines could happen again," he says.

Follow the leaders. So where to start now as an investor? Think leaders such as Apple (AAPL), which at 12 times projected 2011 earnings is trading at a "ridiculously low" valuation, Markman says. He also likes Boeing (BA), insurance players and regional banks. (Markman owns shares of Apple.)

News








We're dropping truth bombs like it's the end of days!