The Wall Street strategist who nailed 2023’s stock rally sees the S&P 500 soaring more than 170% to 15,000 by end of this decade And this year, he's still calling his shots and nailing them. In early June, he said the S&P 500 would hit 5,500 by the end of the month. As of Friday's close, it was at 5,464.62. Now, he's got a longer-term forecast, and it's a whopper: by the end of this decade, Lee said the S&P 500 could hit 15,000, representing upside of more than 170%. https://finance.yahoo.com/news/wall-street-strategist-nailed-2023-194405547.html
His prediction even if right is meaningless because it is not investable. He didn't make a call that S&P would go straight up to 15,000. S&P could drop to 2,500 first and then go to 15,000. Also, the farthest out option on the options chain for SPY is only December 2026, so you can't even buy deep OTM calls.
That's pretty typical coming out of the mouth of uber-permabull like Lee. I think he even predicted $1 Billion for Bitcoin by some date, which I didn't even care to remember. But then again, will you be around in 2030 to find out?
20% average return for the next 5.5 years, excluding dividends as well. Those kinds of returns only tend to happen 5.5 years after a major market low (eg 2009), not after a multi year bull market high. We could also see that kind of return 5.5 years after the 2020 low, by the end of 2026 the S&P could be up 170% from the 2020 lows. But I cant see it happening between now and 2030 without some kind of black swan inflation happening.. There is also a much better chance of hitting 10,000 before the end of decade, which would be 170% return off of the 2022 lows.
its absolutely investible. buy some SPY and just wait. The return if correct would outperform virtually every hedgefund on the planet. Second, investibility is irrelevant. If you understand wall street, you understand the prediction.
Check out Tom Lee’s forecast for 2022 for the market and BTC. How did that go? Perma Bulls make great headlines, but that’s about it
%% WELL/ looks like he got the main direction right.LOL+ True His comment about equities being the land of the '' C'' students ; not really an insult, if one know grades + money track records. Its the ''c'' students + school drop outs + college drop outs like Bill Gates that fund a lot of fortunes + college buildings LOL IF Bill gates went back to college + finished late , does not change my main points [IRS data on drop outs =high earners patterns]]