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Maxwell Benz
Bloomberg Television
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Comments by "Maxwell Benz" (@Tential1) on "Markets Have Further to Go in Pricing Rate Hikes: Goldman" video.
Exactly. 13x. 8% earnings yield. 3%-4% spread above fed rate. Could be slightly lower, but we still automatically lose 10%+ on us earnings on fx rates alone. So, 2800 is possible. I don't like it. But that's what the numbers say.
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Also it's the way the algos will see it. Don't fight the computer players. If the computers are going to push the market that way don't fight it.
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