S&P 500 Nears a Record on Bets Fed Will Support Economy – Bloomberg 08-20-14

Salient to Investors:

  • Todd Salamone at Schaeffer’s Investment Research said the Fed raising rates sooner than expected is still a big ‘if.’
  • The S&P 500 has not had a decline of 10 percent in almost 3 years and trades at 17.8 times reported earnings, near the highest level since 2010.
  • Leo Kelly at Kelly Wealth Mgmt said with multiples at full value, the market is starting to demand earnings-driven returns and top-line growth.

Read the full article at  http://www.bloomberg.com/news/2014-08-20/u-s-stock-index-futures-little-changed-before-fed.html

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