Another day another s$p prediction: S$P 1130 by year end!!!!!!!

Discussion in 'Wall St. News' started by S2007S, Sep 23, 2009.

  1. S2007S


    The predictions keep getting better and better, Im leaning towards s$p 1100-1120 by mid october, maybe even sooner, im actually feeling the bulls taking this market at least 10% higher into 2010, this market is running with everything it has, the bullish calls are coming out on an hourly basis now, upgrades left and right are pushing a different sector of the market higher on a daily basis. Nothing can go wrong now that bulls have control. Going to be a long time before any correction shows. Keep buying equities, nothing can ever be overbought in a manipulated market.

    S&P to Reach 1,130 by Year-End: Strategist
    Published: Tuesday, 22 Sep 2009 | 12:10 PM ET
    Text Size
    By: JeeYeon Park
    News Associate

    Two bullish strategists Frederic Dickson, chief market strategist at D.A. Davidson & Co. and Ted Parrish, co-portfolio manager at Henssler Equity Fund said they expect markets to go higher by year-end.

    “The news is getting much better, the earnings revisions have been superior over the past couple of weeks and I think there’s a lot of good things going on in the credit market,” Parrish told CNBC. “We expect the S&P to finish at 1,130 by the end of the year.”

    Parrish said he expects the S&P to continue to challenge the all-time highs in the next couple of years and encouraged investors to put money to work before the end of the year.

    “You still need to be cautious about what you’re buying in a few sectors,” said Parrish. “Financials—there’s a bit of trouble there, but some of these early cyclical stocks are going to do well and industrials are going to continue to do well.”

    In the meantime, Dickson said investors are starting to look for market opportunities while being mindful of potential risks such as credit, deficit or the dollar.

    “We’re starting to see money move out of the more highly valued stocks into stocks that can benefit from a lower dollar, better international growth as a result of that,” he said.
  2. S2007S



    Right the recession is over, fools and idiots only think that the recession is over.

    “The recession is over—we think it ended in the second quarter,” Orlando told CNBC.

    Another day another positive bullish prediction.

    S&P to Hit 1,200 in 3-6 Months: Strategist
    Published: Monday, 28 Sep 2009 | 12:17 PM ET
    By: JeeYeon Park
    CNBC News Associate

    Stocks opened higher on Monday after a wave of merger-and-acquisition activity. Are the markets positioned to head higher or should investors remain cautious?

    Market strategists Phil Orlando at Federated Investors and Stephen Wood at Russell Investments shared their insights. (See their sector plays, below.)

    “The recession is over—we think it ended in the second quarter,” Orlando told CNBC.

    “We think third- and fourth-quarter corporate earnings are going to be better than expected: modest topline gains, stronger than expected bottom-line…and as estimates continue to move up, we think the markets are going to grind higher and we’re going to be at 1,200 [on the S&P] in the next 3 to 6 months.”
  3. FB123


    At some point, "bullish" starts to be "too bullish", as everyone gets long. Not saying we're at that point necessarily, but there are political events with regards to Iran in the next few weeks that could derail this rally. It's hard to tell exactly what's going to happen in that situation, and when a political wild card like that comes into play, you can't just count on the market doing "business as usual" no matter what. Something to keep in mind...
  4. Never bet against a black president.!!