http://www.bloomberg.com/news/2011-08-05/strategists-stick-with-17-s-p-500-rally-on-earnings.html
Wall Street has never been more sure that the Standard & Poor’s 500 Index will rally in 2011, even after speculation the U.S. economy is heading for a recession prompted the biggest plunge since the bull market began.
Chief strategists at 13 banks from Barclays Plc (BARC) to UBS AG (UBSN) see the benchmark measure of American equity surging 17 percent through Dec. 31, the average estimate in a Bloomberg survey. Their projection that the index will reach 1,401 hasn’t budged in four weeks, while mounting concern U.S. growth is slowing drove the S&P 500 down 11 percent since July 22, including yesterday’s 4.8 percent tumble.
“Our economists are not forecasting a recession and, indeed, are looking for U.S. growth to accelerate in the second half,” Garry Evans, global head of equity strategy at HSBC in Hong Kong, wrote in a note today. “Investors should look to raise equity risk gradually over the summer.”
SAMEER SAYS
I M SURE THESE ARE SAME PEOPLE WHO RECOMMENDED BUYING STOCKS IN 2007 WHEN THE MARKET WAS PEAKING
THIS IS CRAZY BULLISH OPTIMISM THAT HAS NO SENSE
I ALSO SAW THE CRAZY - BUY JAPAN NOW - CROWD WHO SAID BUYING JAPAN IN MARCH 2011 WAS A GREAT OPPORTUNITY
LET US SEE WHERE THE NKY IS NEXT YEAR AND THEN WE WILL JUDGE THESE FOOLS ( I V ALREADY JUDGED THEM!!!!)
Wall Street has never been more sure that the Standard & Poor’s 500 Index will rally in 2011, even after speculation the U.S. economy is heading for a recession prompted the biggest plunge since the bull market began.
Chief strategists at 13 banks from Barclays Plc (BARC) to UBS AG (UBSN) see the benchmark measure of American equity surging 17 percent through Dec. 31, the average estimate in a Bloomberg survey. Their projection that the index will reach 1,401 hasn’t budged in four weeks, while mounting concern U.S. growth is slowing drove the S&P 500 down 11 percent since July 22, including yesterday’s 4.8 percent tumble.
“Our economists are not forecasting a recession and, indeed, are looking for U.S. growth to accelerate in the second half,” Garry Evans, global head of equity strategy at HSBC in Hong Kong, wrote in a note today. “Investors should look to raise equity risk gradually over the summer.”
SAMEER SAYS
I M SURE THESE ARE SAME PEOPLE WHO RECOMMENDED BUYING STOCKS IN 2007 WHEN THE MARKET WAS PEAKING
THIS IS CRAZY BULLISH OPTIMISM THAT HAS NO SENSE
I ALSO SAW THE CRAZY - BUY JAPAN NOW - CROWD WHO SAID BUYING JAPAN IN MARCH 2011 WAS A GREAT OPPORTUNITY
LET US SEE WHERE THE NKY IS NEXT YEAR AND THEN WE WILL JUDGE THESE FOOLS ( I V ALREADY JUDGED THEM!!!!)
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