2015 By 2015?

(1) Bullseye! (2) Bull running ahead of schedule. (3) 2015 math: E = $140, P/E = 16.5, P = 2310. (4) No recession in 2015, so no bear market. (5) Positive thoughts on revenues, margins, and buybacks. (6) The longer the expected economic expansion, the higher the P/E. (7) Won’t Fed tightening be frightening in 2015? (8) Monetary normalization coming in baby steps. (9) The fifth-longest bull market of the 44 since 1928. (10) Consumer confidence rising because jobs are more plentiful. (11) Focus on overweight-rated S&P 500 Industrials.