It seems like the bulls are back in charge on Wall Street, but legendary investor Byron Wien says that buyers shouldn’t get too euphoric.
“I don’t think there’s a lot of upside from…not a lot more value than current levels,” Wien told the business network. He said that he is forecasting that the S&P 500’s full year earnings per share, or EPS, will be $225 and predicted that it could be $250 for 2022, which could embolden a bit more buying next year. FactSet data show that the 2021 EPS is $199 and projects that EPS in 2022 will be $218.
I read an article like that in 2011. Guy sold his stocks and bought bonds.
Market update: Hold and make sure you stay alive!!
Year long breakout with 300% upside potential
$ADTX get some
good
He goes on to say, and I quote, “which is why everyone should buy $SHIB immediately.”
Warren Buffett admitted it was a mistake to sell $AAPL at $120, so why not buy it at $140? 🙃
Lots of upside in Gold :)