S&P 500 hits second-straight record high as experts warn of ‘excessively bullish’ stocks - How much higher could they go this year?:
Major stock market indexes extended a streak of record highs Wednesdays as investors continued to gush over Federal Reserve stimulus measures, blowout corporate earnings and the promise of a strong economic recovery—factors that have prompted many experts in recent days to lift their stock-market expectations, with some forecasting the S&P 500 could climb nearly 10% by year's end.... [+]Boosted by outsized gains in leisure, travel and energy stocks, the S&P 500 ticked up 0.
Last week, LPL Financial boosted its end-of-year S&P target from 4,425 to 4,675, suggesting the index could climb another 4% this year, as a result of profits that were"off the charts" last quarter thanks largely to investments in productivity-enhancing technology and cost savings on business travel, entertainment and office space.
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