Hang On for……. Dow 20,000

Posted by Larry Robbins via Seeking Alpha

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Glenview’s Larry Robbins is one of the most optimistic hedge-fund managers around. He predicts P/E multiples will expand by 45% by the end of 2013. This means that the Dow Jones Industrial Average (DIA) will surpass the 20,000 level in three years, assuming earnings will grow by a modest 5% pe