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SPDR S&P 500 ETF Message Board

  • marcopubio marcopubio Feb 2, 2013 12:07 AM Flag

    SPY 2500 by 2014

    Bernakie plans to hold negative real rates until he leaves in 2014. Given that the S&P PE is about 14, and that it pays a 2.1% dividend-about as much as the 10yr TB-nothing can keep this rally from stopping except a totally unexpected event, like a general war somewhere.

    There's a constantly increasing productivity, caused by downsizing mainly, which results in huge earnings and cash for American producers. The higher the unemployment the more money American companies make. I saw first hand how far this can go.

    I watched a company with 12,500 employees, making 2.1 million tones of product, reduce its workfore to just 2,050 employees making 1.91 million tons. All the time, their employee wages were cut 35%-about 50% in real dollars-and accidents reduced 95%!!!! This recession??? is doing what was necessary all along, forcing American business to be very efficient and profitable.

    Unless you're a day trader and have lots of luck, you would be a fool to get out of this market before Helicopter Benny retires. There's probably a lot of 10%+ corrections along the way, but, SPY 2,500 is likely.

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