8% from 2007 peak puts the S&P "fair value" at 5399 by year's end.
If I was to hazard a guess, anything closer to 4% will get us there, and give us a late 90's boom.
We've had 10 years worth of money supply dumped in 2 yrs, plus generally stocks are up about 15% (about double the long term average of the S&P) 18 months post midterms.
What growth rate do we need today that would result in similar returns in the late 90's? Atlanta FED is projecting approximately 2.2% growth.
8% from 2007 peak puts the S&P "fair value" at 5399 by year's end.
If I was to hazard a guess, anything closer to 4% will get us there, and give us a late 90's boom.
We've had 10 years worth of money supply dumped in 2 yrs, plus generally stocks are up about 15% (about double the long term average of the S&P) 18 months post midterms.