If GS says S&P500 to end 2013 at 1750 that is roughly 80 points up rom here, that equals the DOW to end up at 18K and NAZ around 4200. Their argument is better earnings growth and GDP and also rising dividends. If that were the case then the fed would pullback on their QE. As a result the mkts would pullback because the interest rates would rise and it would be very difficult for Washington to service their debts at the higher rates and hence it would affect the economy and also cause the govt to raise taxes once again. Any comments please????
Overall markets can not be reliably understood (too many moving parts) but individual stocks can be. Even if the market is toppy, Intel is a bargain and will give you protection if not outright growth.
Back in 2000 when the Nasdaq was hitting 5200, Philip Morris (now Altria) was trading at a p/e of 5 with a 10% dividend. Reynolds Tobacco (camels & winstons) had a 16% dividend. These stocks were marvelous winners despite the markets' carnage.
Buy the unloved, or better yet, the downright hated (coal anyone?)
hi tenkay, yes I remember cause I had the MO and UST (US Tobacco which was also paying 16% div and also BT. Thanks to Slick Willy our prez then Bill Clinton who was chewing up the tobacco stocks. He is a fing #$%$. Intel has a lot of goodthings going in its favor its just a matter of time before it pops up most likely in the 2nd half. goodluck to you and thanks for yr comments.