S&P 500 Headed Higher As Earnings Revisions Positive: Citi

The S&P 500 (INDEXSP:.INX) hit its highest level of all time just yesterday. The market is buoyant again after a taper talk soft period. Citigroup Inc (NYSE:C)  released its latest PULSE report on the state of the market today and took a look at equities over the next six months or so. The report, which was authored by Citigroup Inc (NYSE:C) Chief U.S. Equity Strategist Tobias Levkovich, with contributions from Christina Wood and Lorraine Schmitt, concludes that the market is still cheap. According to the report, the analysis supports the prediction that the S&P 500 (INDEXSP:.INX) will hit somewhere in the region…