We do have a US economy
that is growing at 5% and
stimulus happening in Japan. Hopefully, we can get some wage growth
and he will look like a prophet.
"I think we'll have a good
year," he said in a phone conversation on Monday, referring to 2015.
Fair value, he said is a range, not a specific number and with the
S&P having a price-earnings ratio of 16, stocks could rise to the
upper band of the range, about 18. Also, central bank easing plays a key role in fueling stocks' rise.
"You have people responding to deflation all over the place. First thing that goes up when people try to fight deflation is asset prices," Tepper said.
I guess only the FED could screw things up by raising rates too soon.
No comments:
Post a Comment