Shares of S & P500 index is not very cheap. The index traded with a multiplier X17.2 to the earnings for the last 12 months - based on AMarkets.
At the same time over the last decade the average value of the index was X14.5 (figure popularized among the masses of investors Robert Shiller, and reflects the overall overvalued / undervalued US stocks. This means that investors should not expect a broad market index too much - the experienced growth, alas , is not expected.
Investors should also preparing for a new drawdown - by analogy with the fall which occurred in August of 2015. The August correction was painful mainly because investors have become estranged from market falls.Corrections have not actually been already since October 2011. At the same time, if we consider the Second World War - the market hardly began at 10% or more on average every 19 months.
The forecast from Goldman Sachs - S & P 500 will close 2016 at around 2100. Analysts at Barclays expect that the broad market index to rise to the end of the year by 9%.
The forecast from Deutsche Bank - plus 11%. By comparison, from 2009 to 2014 the index rose in the year by 15%, excluding dividends.