Bill Pugliano/GettyWarren BuffettThe Oracle of Omaha is facing some opposition.In a note to clients on Monday, Bank of America Merrill Lynch’s Savita Subramanian wrote that Warren Buffett’s favorite metric of long-term value “may have limited utility.”The market cap to GDP ratio, which once characterized as the “single best measure” of value, is used to determine whether the stock market is […]
Akin Oyedele
Jun. 15, 2015, 10:47 AM
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Flickr user markusramNot yet.The biggest threat to stock probably isn’t what you think.People who think the Federal Reserve’s asset purchases drove the rally in stocks are dreading higher interest rates.They argue that higher rates will derail the rally by increasing the cost of borrowing and putting pressure on company’s earnings.But analysts at Bank of America […]
Bloomberg TVTom Lee, the most bullish strategist on Wall Street for the second year in a row.In 2014, Wall Street’s stock market forecasts proved too conservative. The S&P 500 closed the year at 2,058, above the year-end forecast of all but one strategist — FundStrat’s Tom Lee. For 2015, Wall Street sees stocks gaining some ground, but few strategists are calling for […]
