Tuesday, April 22, 2014

1950 is the target up for now

Watch Bob Janjuah of Nomura talk on CNBC on why he thinks the S&P500 could go to 1950.

Monday, April 14, 2014

Markets need consumers to keep spending

We're back to the same gig actually globally...we're all desperately needing the U.S consumer to get silly with debt again.

Wednesday, April 9, 2014

The markets have more upside for now

If you look at the S&P, if you decompose the gains last year, the vast bulk of the gains did not come from earnings or revenue increases, they came from stock buybacks.

For me 1,950 is what I'm looking for on the S&P, so risk-on I guess for another month or so.

I think there's some small upside but I think the other thing is positioning and sentiment got a little bit wiped out earlier this year. And that means I think there's space for markets to get overboard again.