SPDR Dow Jones Industrial Average Message Board
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S&P 500 target 3,000, Mr Markman says
Stock market expert Mr Markman was quoted as targetting S&P500 at 3,000 in a future year by CNBC & Tech Ticker today.
At this moment S&P500 is at 1212.
Mr markman is very wise. If he is right, that means the stock bull market has a lot of room to go up.
Another headline today in Bloomberg : The stock market price is the cheapest in history since......
That sounds very bullish also. But I believe it.
This posting is for your information only. You must find the source so as to verify everything & the whole story. You must consult your adviser before buy,sell, hold , and before accepting any views put forward on message board.-
I agree 1000%
Let the good times roll.
It only gets better.
Buy ERX, 3x enery. -
The target does not break new ground. It is merely an extrapolation of events that have occurred in the past.
Facts:
• Over the past 49 years (1960 to 2009) the S&P 500's dividends per share have grown at an average rate of 4.97% per year, from $2.02 in 1960 (3.47% x 58.11) to $21.7 in 2009 (1.95% x 1115.10).
• The lowest yearend dividend yield, 1.14%, (which is also the highest Price to Dividend ratio), occurred at the end of 1999.
Assumptions:
• Over the next 11 years the S&P 500's dividends will continue to grow at the same historical annual rate.
• At yearend 2020 the dividend yield will once again be a ridiculous 1.14%, matching the level reached just before the dot.com bubble peaked.
Calculation:
Projected S&P 500 Index Value at yearend 2020 =
{Copy & Paste into Excel}
=1.95%*1115.10*(1+RATE(2009-1960,0,-3.47%*58.11,1.95%*1115.10,0))^(2020-2009)/1.14%
= 3,253
Reference:
SPY Prospectus, S&P 500 data on document pages 50-51 (PDF pages 52-53):
https://www.spdrs.com/library-content/public/SPY%20Prospectus.pdf- 1 Reply to jad1148
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Fu ck markman the pimp & all the gobligook calculations that never work.
whatever the fu ck happened to that bull sh it book that said dow 35,000?
& moreover who gives a sh it about 2010 fantasy land?
talk about today & not some distant future.
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S+P Could Hit 3000 by 2020!
http://finance.yahoo.com/tech-ticker/sp-could-hit-3000-by-2020!-bull-market-far-from-over-jon-markman-says-473559.html?tickers=aapl,%5Egspc,%5Edji,ba,IWN,ita,HBAN&sec=topStories&pos=9&asset=&ccode=
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