Portfolio strategy updateI may be too pessimistic, but . . . David Gottstein
Editor’s note: The following column was compiled in early July. David Gottstein is with Dynamic Research Group in Anchorage. I just don’t see where the next sustainable leg up in the market will come from. If S&P earnings grow about 8 percent over the next 4-5 years (quite an accomplishment from here it seems) and the market pays a 20-22 price earnings multiple on those earnings, then we are only looking at about a 6 perc....
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