Laszlo Birinyi Predicts 1600 for S&P500 This Year

Laszlo Birinyi, president of Birinyi Associates, was just on CNBC with a prediction the S&P500, now just at 1500, will reach 1,600 sometime during the year.  His advice on how to play this was to buy December 160 SPY calls.

"We decided early on in this cycle that this was going to be a four or six year bull market." He says the last stages are where things get "interesting" in that....

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Laszlo Birinyi Expects The S&P500 To Reach 1600 Before The Year Ends