S&P 2850 Target Announced by Birinyi

Signs of euphoria and over bullishness have been everywhere since January, and after two months, chances are, we've topped. At least temporarily, but chances are, we've topped for good.
(Bloomberg) -- Mar 1, 2012 -- The Standard & Poor’s 500 Index (SPX) has the potential to reach a record high of 1,700 this year should economic growth surprise investors the same way falling bond rates did in 1995, Birinyi Associates Inc. said
In January 2011, Birinyi said the average length and size of bull markets suggested the S&P 500 would rally to 2,854 on Sept. 4, 2013. 
“That number hasn’t gone away,” Jeffrey Yale Rubin, director of research at Birinyi Associates, said during a phone interview today. “It’s not like Birinyi is lowering the target, because that’s way out there, almost to 2014.”
ZeroHedge has a nice chart showing the irrationality of Birinyi's target:

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