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The nearly-always bullish Tom Lee of JPMorgan made news a couple of weeks back by actually...

The nearly-always bullish Tom Lee of JPMorgan made news a couple of weeks back by actually sounding cautious. No more, the strategist takes to CNBC to talk about Dow 20K and S&P 500 2.5K in the next 4 years. "There's still a lot of investors fighting the tape ... We still have a taint on owning stocks."
Comments (8)
  • 2500 on the S&P 500 is too high...probably way too high
    28 Jan 2013, 12:27 PM Reply Like
  • Listen--- 1800 sound terrific
    28 Jan 2013, 02:20 PM Reply Like
  • 2000 is possible given so many people are still sitting on CDs of below 1% yield
    28 Jan 2013, 01:00 PM Reply Like
  • 30-40% in 4yrs isn't that unrealistic, especially if inflation starts kicking in.
    28 Jan 2013, 01:48 PM Reply Like
  • I would say this, by 2018...if you used a simple visual trend line that starts in the early 1920s and shows the clear over valuation of the 1990s, the somewhat overvaluation in parts of the 60's and the significant undervaluation of the 1970s, (into mid 80's) and extend the trend to 2018 the single point forecast suggests a s&p 500 level of 2275. a single deviation puts the range at a high of 2700 and a low of 1800. Two deviations = 1250 low and 4800 high.

     

    At 1500..the risk reward ratio is clearly tilted in favor of the reward...bearing in mind this does not include dividends.

     

    and please do not tell me this time it is different because europe is such and such, gold is this and that, real estate is bla bla, demographics is snort snort, the country's debt is nuf nuf, this trend covers all the same sort of stuff and then some!!!!
    28 Jan 2013, 02:10 PM Reply Like
  • why don't you place a standard deviation on the accumulated debt level in the same time period...and don't tell me debt doesn't matter and we can spend our way to prosperity bla bla bla and yada yada yada
    28 Jan 2013, 05:42 PM Reply Like
  • You forgot yada yada yada...
    28 Jan 2013, 04:23 PM Reply Like
  • Inflation ! Inflation! Inflation! M1 and m2 will grow,That's Why, The Only Way to beat inflation is buying stocks.
    29 Jan 2013, 06:57 AM Reply Like
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