Why not 190 to 230? 175 seems too low. We now have a new normal where bubble valuation levels of the past are cheap today. I believe the stock market rally since 2009 is now in the blowoff stage and can be very awesome like in 1999. Corporate revenue has only increased about 3% per year since 2000. The fundamentals do not support this rally, but this is not necessary until fundamentals do matter again.
Party like it is 1999!