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Stocks are nearing a bottom, and a 1325 year-end S&P 500 is still achievable, Birinyi's...

Stocks are nearing a bottom, and a 1325 year-end S&P 500 is still achievable, Birinyi's Jeffrey Rubin says. The chances of a bear market are slim because fundamentals remain strong and double-dips are "very rare." Stocks like Coach (COH), Tiffany's (TIF), Ralph Lauren (RL), Home Depot (HD) or Lowe's (LOW), he says, are growing without the help of stimulus money.
Comments (6)
  • KnaveChild
    , contributor
    Comments (45) | Send Message
     
    We wont have a double dip, because thats impossible WHEN YOU ARE ALREADY IN A DEPRESSION.

     

    Get real, this whole thing is about to crash and burn.
    8 Jun 2010, 05:42 PM Reply Like
  • nobby73
    , contributor
    Comments (1177) | Send Message
     
    The fundamentals remain strong? Clearly he's one of those equity pundits who doesn't look at the credit markets. I thought they all learned their lesson in 2008?
    8 Jun 2010, 05:44 PM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    fundamentals? like what? 37+ states borrowing $ to pay unemployment benefits, soaring BKs and foreclosures, a crap job market, $13 trillion deficit and growing, obama tax increase, etc.
    tell us - what fundamentals
    8 Jun 2010, 05:57 PM Reply Like
  • Cal Finance
    , contributor
    Comments (152) | Send Message
     
    If double digit unemployment is good fundamentals, then yes the fundamentals are not just good they are brilliant. Get real, when the million people working for the census become free agents, the unemployment right now will feel like a bottom, not the stock market.
    8 Jun 2010, 06:14 PM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    Exactly. Laszlo has been Roubinied, before Nouriel became insignificant..This market has all the makings of a cliff diver. I can't tell you exactly when, but I will tell you the next 1000 points will clearly be to the DOWNSIDE, Laszlo. Please stop putting out such ridiculous commentary, you and Abbey Cohen the day before, your two much to take already. Extreme caution is warranted, let the pros play,and loose their money. Do as they are,get small! Deflation is a mother Franken' futter...This is no game here folks, the next leg down is something we wont be back from anytime soon...
    Jerry
    8 Jun 2010, 06:17 PM Reply Like
  • j_remington
    , contributor
    Comments (1343) | Send Message
     
    What a bunch of LIES! Where does the money spent by consumers come from? Extend and pretend has run out of money. Europe is paying the piper. China is reigning in the excess. WHO will the US export to?
    9 Jun 2010, 12:21 AM Reply Like
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