Interesting! First 5 Thread Titles in the Trading section: Seeing Tops all over the place The Top is Now In... The Top is In ! We have topped... Poll: Will the S&P go to 1000 or 1200 ? Exact Science Poll: Weekly Poll: Are Korean Nuisance and Wkileaks Priced in? Poll: Is S&P forming intermediate term double top? the holy grail Poll: 2010 Year End Market Level Poll Dow TOP call - 10yr top formation done
The market is getting close to touching Abby Cohen's target from June 2010. She is a raging bull so her call should be the upper limit of what's attainable this year. "We see a range of 1250 to 1300 [in the S&P 500 in 2010]" http://online.barrons.com/article/SB126402632143232263.html
found the most recent quote from Cohen from ~Nov 30: "Talking about the US market, Cohen said that there is still a long way to go. âThe fair value for the S&P 500 over the next six months is seen at 1,350. There is, in fact, room for additional price appreciation in the markets there.â" http://www.moneycontrol.com/news/fii-view/room-for-more-price-appreciationus-mkt-goldman_502325.html that makes some of ET predictors in this poll even more bullish than Abby :eek:
now that the market appears reluctant to make a crazy run-up into the new year, do any of the perma-bulls here change their tune?
i am not finding a table with many analysts polled about 2011 predictions. probably will come out in a few days. not everybody is super-bullish so we are definitely not in the irrational exuberance mood. S&P 500 Will Climb to 1,350 Next Year, Credit Suisse Says http://www.bloomberg.com/news/2010-...mb-to-1-350-next-year-credit-suisse-says.html
Goldman Sachs slapped a 2011 year-end price target of 1450 on the S&P 500, thatâs up some 19% from the broad indexâs close of 1221.53 on Thursday. Bank of America Merrill Lynch, where analysts see the S&P 500 ending next year at 1400, or up 15% from Thursdayâs close. at UBS, analysts pegged their year-end 2011 target for the S&P at 1325, or 8.5% higher than Thursdayâs close http://blogs.wsj.com/marketbeat/2010/12/02/goldman-bank-of-america-ubs-heres-where-stocks-go-in-11/
Is there ever a time in history when a huge bank or well known analyst like cohen made a call to the downside? It seems no matter what they are constantly calling for a bull market, even when the markets were at historical highs there were still market "pros" calling fir higher markets. I bet if the spx ran to 1450 by mid half 2011 forecasters would revise their predictions for 1550 or even 1700 by the end of 2011. They don't have the courage to say the word sell!!!!! 2011 seems to be the year of more risk free returns, time to literally mortgage the house and max out credit cards and just drop every dime you have into the market. Look for more gains tomorrow. S&P FUT 1234.2 _ 5.5 +0.45% DOW FUT 11416.0 _ 48.0 +0.42% NAS FUT 2209.0 _ 8.5 +0.39% OIL 88.93 _ 0.65 +0.74%
the higher the number of bulls the more likely the crash. keep on buying, keep on buying... "Market analyst Elaine Garzarelli, who famously hedged her portfolio before the âBlack Mondayâ market crash in 1987, sees a long lasting bull market that could drive the S&P 500 up more than 25 percent from here as the positive effects of the Federal Reserveâs second round of accommodative monetary policy take hold." http://www.cnbc.com/id/40578145