Night Moves by Christopher Pavese, The View from the Blue Ridhge
With the S&P’s first close above 2000 after nearly tripling from its 2009 low, the talking heads are out in full force.
- In a recent interview with the FT, Brian Belski at BMO, put a 4200 target on the S&P 500 by just compounding the current level of the S&P forward for a decade. ”Based on historical evidence, stocks typically enter a very long period of expansion after emerging from a period of negative 10-year returns. We found that, on average, these periods last for roughly 15 years and deliver average annual returns of about 16%. Given that 10-year holding period returns emerged from negative territory a little over a year...
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