媒体这是疯了？S&P 500 Will Be at 2,000 Sooner Than You Think# Stock
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S&P 500 Will Be at 2,000 Sooner Than You Think
By Jeff Macke
Craig Johnson of Piper Jaffray has some bad news for the bears. In the
attached clip the technical analyst says the S&P 500 (^GSPC) is going to hit
his long-time target of 2,000 and it's going to happen sooner than most
people think.
Johnson is well aware of the fact that a lot of the "smart money" is going
to take the other side of his call. Five years into the bull markets it's
become quite trendy to sneer at the market. Whether it's a snarky desire to
bet against the masses or an excuse for having not participated in a 52-week
rally in excess of more than 30%, more and more institutional investors are
loudly jumping out of equities.
Unfortunately those jumping out of equities don't have anywhere to go. That
lack of alternatives has been pushing stocks higher for years and the wind
is only picking up. "You need to own equities if you're going to continue to
be a long-term investor," Johnson offers. Bonds look dicey but yields offer
little reward, gold demand is at a 4 year low, the SPDR Gold Shares ETF (
GLD) is locked in a bear market, and those sitting in cash looking for a
pullback have been stuck on the sidelines for more than two and a half years.
Perhaps best of all, the mood towards equities is grudging respect at best.
Money is flowing in but no one anywhere is pounding the table on valuation.
The bullish case is based on a slow-growth economy and lack of alternatives.
That's going to be more than enough to bring Santa to town.
Johnson's got a year end target of 1,850 for the S&P. "We got another 60
points to go and let me tell you, from a sentiment perspective people don't
believe."
By Jeff Macke
Craig Johnson of Piper Jaffray has some bad news for the bears. In the
attached clip the technical analyst says the S&P 500 (^GSPC) is going to hit
his long-time target of 2,000 and it's going to happen sooner than most
people think.
Johnson is well aware of the fact that a lot of the "smart money" is going
to take the other side of his call. Five years into the bull markets it's
become quite trendy to sneer at the market. Whether it's a snarky desire to
bet against the masses or an excuse for having not participated in a 52-week
rally in excess of more than 30%, more and more institutional investors are
loudly jumping out of equities.
Unfortunately those jumping out of equities don't have anywhere to go. That
lack of alternatives has been pushing stocks higher for years and the wind
is only picking up. "You need to own equities if you're going to continue to
be a long-term investor," Johnson offers. Bonds look dicey but yields offer
little reward, gold demand is at a 4 year low, the SPDR Gold Shares ETF (
GLD) is locked in a bear market, and those sitting in cash looking for a
pullback have been stuck on the sidelines for more than two and a half years.
Perhaps best of all, the mood towards equities is grudging respect at best.
Money is flowing in but no one anywhere is pounding the table on valuation.
The bullish case is based on a slow-growth economy and lack of alternatives.
That's going to be more than enough to bring Santa to town.
Johnson's got a year end target of 1,850 for the S&P. "We got another 60
points to go and let me tell you, from a sentiment perspective people don't
believe."
