Tom Lee: Stocks to soar 11% in 2016

With the S&P 500 closing Thursday at about 2,099, record high levels are less than 2 percent away. But the oft-bullish Lee won’t be content there — he thinks the index will climb all the way to 2,325, which would represent an 11 percent gain from current level.
After pointing out a few more potentially bullish factors, such as fiscal stimulus after the Brexit vote, the potential for U.S. exports to strengthen and energy’s rebound thanks to an oil bounce, Lee concluded by turning again to the potential for a great deal of money to enter or re-enter the market.

Certainly more QE would temporarily stimulate markets, but it would just set them up for an even bigger fall. The guy never even mentions negative interest rates nor the strong possibility that the EU aka Angela Merkel will punish the UK for it’s upstart behavior.

Also not mentioned are the already absurdly high valuations we currently see in the markets, though it was left to the show’s producer who actually mentions it in the story, rather than the moron who should be asking the question. Brian Sullivan continues on his Quest to be a bigger asshat than Jim Cramer. Sullivan is the Master of the quick quip yet never challenges his guests opinions, ever.

The video link is below. Take your blood-pressure medication before viewing and I apologize for CNBC’s habit of placing 45-second ads ahead of their videos.

Tom Lee of Fundstrat Global Advisors joins Brian Sullivan to discuss the market’s next move:

Source: Tom Lee’s bullish case for stocks