“Wall Street strategist Byron Wien says the bull market in stocks will run through the rest of the year as the economy improves and more companies follow Apple’s lead in paying a dividend, CNBC reports.
“I actually thought the S&P 500 could reach 1,500 based on the generally achieved (but not last year) multiple of 15 times and operating earnings of $100,” Wien wrote in a note to clients.
“Estimates have been trimmed somewhat, but, at this point, I still think 1,500 is likely.”
Read more
