JPatrick
Thinks s/he gets paid by the post
- Joined
- Jun 3, 2005
- Messages
- 2,610
Elaine is about the only market guru I bother to listen to. Listen to lots of reseachers, but she is the only stock picker/forecaster I have faith in. She only speaks to the nonpaying public about twice a year.
Below is the meat of what she currently thinks/recommends.
For FIDO customers, you can easily find a sector fund of theirs to match the ETF's noted below.
"Our indicators signal a bull market for a long time," said Garzarelli, who recommended the Consumer Discretionary SPDR (XLY), Financial Select SPDR (XLF), Industrial SPDR (XLI), the Materials SPDR (XLB, and the Technology SPDR (XLK) in the report.
Most compelling may be her valuation calculation. Relative to the low yields on Baa-rated bonds (thanks to QE2), the fair value price-earnings ratio for the S&P 500 should be closer to 17 times earnings. Applying that to her S&P 500 EPS estimate of $90 gets a fair value of 1530 for the index, or almost 25 higher from here.
Below is the meat of what she currently thinks/recommends.
For FIDO customers, you can easily find a sector fund of theirs to match the ETF's noted below.
"Our indicators signal a bull market for a long time," said Garzarelli, who recommended the Consumer Discretionary SPDR (XLY), Financial Select SPDR (XLF), Industrial SPDR (XLI), the Materials SPDR (XLB, and the Technology SPDR (XLK) in the report.
Most compelling may be her valuation calculation. Relative to the low yields on Baa-rated bonds (thanks to QE2), the fair value price-earnings ratio for the S&P 500 should be closer to 17 times earnings. Applying that to her S&P 500 EPS estimate of $90 gets a fair value of 1530 for the index, or almost 25 higher from here.
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