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The markets closed at another all-time high yesterday, making people
wonder how much higher this could go or if we're headed for a crash.
Stansberry's Brett Eversole says he thinks we could be looking at an
increase of up to another 60% in the markets.
Today is Tuesday, November 12, and this is the Stansberry Media
Minute.
Investors don't know where stocks are heading next. To me it's
pretty simple. The Federal Reserve is committed to holding interest
rates near 0 for the next few years. Based on history, US stocks
usually trade for much higher prices when interest rates are low, like
today. Right now, stocks actually trade below their 60-year average
price-to-earnings ratio. With interest rates low, they usually trade
for about 20% higher than that average. I expect stocks to continue to
move higher over the next 2 years as rates stay slow.
As earnings rise and investors demand higher prices, I think we could
easily see another 60% in gains in US stocks by the end of 2015. Of
course, no move higher is a straight line, but I believe the general
trend will stay up, and you should use any sell-offs like the one we
saw this summer as buying opportunities.
To learn more about Stansberry & Associates please visit
www.StansberryrRsearch.com. To receive free daily investment
information from Brett and other Stansberry analysts, just click on
the link below. For the Stansberry Media Minute, I'm Sara Wilson.