TITLE

Bull-in-Chief

AUTHOR(S)
Fisher, Daniel
PUB. DATE
December 2009
SOURCE
Forbes Asia;12/14/2009, Vol. 5 Issue 19, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents the author's comments on why the U.S. administration needs a stock market rally. The author states that a continued stock market boom is one of the few things that will pump enough money into the economy to make a dent in the huge projected deficits ahead. According to him, a rally of 30% would require the Standard & Poor's to climb past its current price/earnings multiple of 21 times estimated 2010 earnings of 53 dollars a share to something more like a 27 P/E.
ACCESSION #
47150240

 

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