Laszlo Birinyi: S & P 500 at 2,500 points to September

Laszlo Birinyi, one of the most stable bulls in the eight-year rally of US indices raised its forecast for the broad US index S&P 500. According to him the index will rise to a level of 2 500 points to September.
73-year-old president of Birinyi Associates Inc. said his company would buy call index-based options to benefit from the potential increase, according to a letter sent to customers on Monday.
Early in the year, Birinyi predicted that the broad index would rise to 2 450 points by June. The index overtakes this level this week, rising to the highest value of 2 453 points.
The expert's opinion is largely counter to the expectations of the majority of Wall Street analysts that the rise in US indices is likely to stop.
According to Birinyi, however, strong demand for shares at times of sell-offs is a bullish sign.
Birinyi is expected to buy call options on the SPDR S&P 500 ETF with payment is in September and a $250 strike at a price of $2.29, says the letter to customers.
The forecast is in fact an expectation of a 5% growth for the index, compared to its average for the past 50 days.