Stock market bull Ed Yardeni says he’s never been better.
President of Yardeni Research documents in a new CNBC interview that the current market looks like “the roaring 2020s.”
In an interview earlier this month, Yardeni he was promoted his year-end target for the S&P 500 to 8,250. Asked on Monday if he was considering raising the target again, the former professional player sounded optimistic.
“I’ve been in a bull market and I haven’t had enough momentum. I mean it’s amazing. We’ve been in what I don’t call a FOMO market but a FEMO market, meaning ‘Fabulous Earnings Momentum.’ The benefits have been very strong.”
Yardeni says he would have preferred a cash-driven meltdown to a price-driven meltdown. He also explains the strength of the market despite the geopolitical headwinds.
“That has been one of our thoughts, that you don’t want to ignore and underestimate the strength of the US economy and the US consumer, and I think a lot because of me and people like me, who are mostly Baby Boomers. I’m still working to earn money, but the Baby Boomers are retiring and the $89 trillion numbers are talking about the value.
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