Tim’s Tidbits 12.05.17

Trending: The man who correctly predicted Dow 24,000, Jeremy Siegel, a Wharton finance professor sees another milestone approaching. He expects the tax reform bill will boost the Dow to 25,000 by December 31st and corporate earnings will increase by 8 percent.

Another super bull, Steve Chiavarone who helps run the Federated Global Allocation Fund said the current bull market is 4.5 years old and that it could go on for another decade. He expects the S&P 500 to reach 3,000 by 2019, that’s a 13.6% climb from current levels of 2,639. The current bull market became the second best of all time earlier this year.

GOAT Market!

If the S&P 500 notches a close above 2,717 the bull market will become the Greatest (postwar) cyclical bull Of All Time surpassing the 1990-1998 gain of +302%. Jonathan Golub of Credit Suisse sees that in reach, back in October the strategist initiated his year-end 2018 target for the S&P 500 at 2,875.

References

https://www.cnbc.com/2017/12/02/he-correctly-called-dow-24k-and-jeremy-siegel-sees-another-milestone.html

https://www.cnbc.com/2017/11/13/federated-investors-more-than-a-decade-left-in-the-bull-market.html

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