“In our view, the S&P500 index has the potential to trade into the low-to-mid 1400s range in 2012. On a valuation basis, using our conservative operating earnings estimate of $101 for next year, a price/earnings multiple of 14 would enable the S&P 500 index to reach the low-to-mid 1400s level."Today the S&P500 closed at 1,265.43 so a gain of 135 points the low 1400s would be a gain of 10.7% from here.
The article adds
Brinker says: “We continue to rate the market attractive for purchase in the event the index returns to the area of the correction lows in the low-1100s. Above that range we suggest a dollar-cost-average approach for new stock market money.”
"All of his Marketimer model portfolios are fully invested."Before anyone gets too excited, remember that in late 2007 and early 2008 Bob Brinker predicted the market would reach the 1600s and he issued a "gift horse buying opportunity" in the mid 1400s to take advantage of a correction. See