Swinging Stocks
01/06/2014 | | bond prices, corporate buybacks, corporate earnings, econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, gold prices, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, P/E multiples, P/E ratios, politics and economics, Public speaking economist, stock prices
With small investors still largely on the sidelines, bond prices continuing to slide as interest rates rise, the number of large corporate stock buybacks declining, gold prices falling and corporate earnings expected to improve, I expect a rise in the S&P 500 of 7% to 10% this year. While P/E ratios are elevated compared to historical averages, because interest rates are way below average, P/E multiples are not excessive.