The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

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Jan 20 4:00 PM EST

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To: Investor2 who wrote (5567)	4/9/2011 1:40:44 AM
From: DD™	2 Recommendations Read Replies (1) of 10065

Her Ladyship returns to NBR's Market Monitor!! Excerpt... "HUDSON: What makes you so confident in higher stock prices with all the uncertainty that remains? GARZARELLI: Well, basically, my indicators for the stock market are bullish. They`re at a 76 percent level. HUDSON: Last fall the last time you were on with us you were bullish and your indicators were as well. You were looking at the time for S&P 500 at 1300. We`re above that now. So do you have a price target in mind? GARZARELLI: For earnings for this year and this is assuming that oil prices stay where they are now, which is pretty high, I have 94 for S&P earnings and for next year I have 102.50. So if you just multiply a 15 multiple by that, which is conservative, our models say 17 would be better based on the BAA bond rate. You get up to 1500 on next year`s earnings, 2012 earnings. HUDSON: Give me real quick on oil, what price is going to start to concern you? GARZARELLI: I would say $128, $130. We`d have to change our forecast for much slower growth." pbs.org DD©

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