Salient to Investors:
Rich Weiss at American Century Investments said no one expects real economic growth in the US so Laszlo Birinyi’s prediction of 3200 on the SPX comes 5 years late. Weiss said GDP growth of 3% or less and possible Fed tightening does not support such a rise.
Mark Luschini at Janney Capital Mgmt does not see a 3200 SPX coming through earnings growth, and the market is better defined as sideways than up or down.
Read the full article at http://www.cnbc.com/2015/08/04/birinyi-five-years-late-on-bold-call-investor.html
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