As we noted in the pre-open, the “BTFATH mentality” will be alive in well’ and sure enough Goldman Sachs’ S&P 500 Target for June 2015 was 1950… we just reached it 11 months early (1949.25 highs to be exact). Their corresponding target for 10Y yields at that level of S&P is 3.50% (so we are 90bps lower) and earnings expectations to support that price was $120 per share (dramatically higher than the current level)…