FYI: (The Linkster is still holding to his prediction of 3,000 on the S&P 500 year end.)
Never mind the market rout that played on Wednesday. Blackstone’s Byron Wien remains bullish on stocks, arguing that the S&P 500 index remains on track to hit 3,000 by year-end — a roughly 8% rise from current levels — despite putting in yesterday the broad-market benchmark’s worst session since February.
“I think we had to knock some of the complacency out of the market, and God knows, we are doing that right now,” Wien told CNBC during a late-morning interview.
“I think this is a correction in an ongoing bull market and I think the market goes higher at year-end,” Wien said.
Regards,
Ted
https://www.marketwatch.com/story/blackstones-byron-wien-says-sp-500-on-track-for-year-end-rally-to-3000-despite-stock-market-wreckage-2018-10-11/print
