Salient to Investors:
Scott Black at Delphi Management expects the S&P 500 to rally further on continued Fed stimulus, S&P 500 earnings that will reach $105 a share in 2013, and no returns from fixed-income. Black said we are not even near unemployment below 6.5 percent.
The average equity strategist predicts the S&P 500 to end 2013 at 1,601 with earnings of $108.42.
The S&P 500 is at 15.9 times reported earnings, the highest multiple since 2010.
Read the full article at http://www.bloomberg.com/news/2013-05-08/s-p-500-index-will-extend-record-advance-delphi-s-black-says.html
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