Business Insider |
DAVID BIANCO: The S&P 500 Will Make A 'Straight Shot' To 1800
Business Insider This PE aligns with the average since 1960 and implies that 6% is a fair real return on long-term S&P 500 ownership. Further PE expansion in 2014 or 2015 would be justified if long-term real interest rates stay below historical norms when the Fed stops … |