Salient to Investors:
David Kostin at Goldman Sachs said the S&P 500 will climb to 1,750 at year-end, to 1,825 in the next 12 months and 1900 at year-end 2014, as economic growth gains momentum, and recommends companies that generate most of their revenue domestically. Kostin said the real issue is that rising interest rates are a reflection of a better economy, and the best place to invest is the US through year-end.
The average US equity strategist predicts the S&P 500 will retreat to 1,677 by December.
The S&P 500 is at 16.3 times earnings, near the highest level since May 2010, but 16 percent below the average since 1998.
Read the full article at http://www.bloomberg.com/news/2013-08-13/goldman-says-s-p-500-to-rise-8-in-12-months-as-economy-expands.html
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