Summarizing Morgan Stanley’s Entire “S&P At 3000 In 2020″ Report In One Sentence

Do you believe in miracles? Morgan Stanley’s Adam Parker does, having given up on his sane bearish case long ago, he now predicts S&P to 3,000 because “if we get EPS growth of 6% per year from 2015-2020, that would drive S&P 500 earnings to near $170; a 17x multiple would translate into a peak level for the S&P500 near 3000 under this scenario.” So, just some simple math, eh? But he does add, “of course, no one can predict unforeseen shocks to the economy,” but they will never happen, right?

This post was published at Zero Hedge on 09/02/2014.

 

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