This Tom Lee guy seems like the official cheerleader of the bull market. Is this thread made for the simple purpose of castigating him when an eventual downturn comes? Then, the thread has done it's job ahead of time.
lee is back on again, seems to always be on when marketo are falling...this time saying the consumer is in better shape...hahaha yeah is that so, 46,000,000 on food stamps for 38 straight months and the consumer is in better shape, add that to the last wage numbers that came out last week, lowest in 30+ years, yes the consumer is rocking, keep that positive bullish tone going because you're going to need after the next collapse comes.... US oil tumbles $1.95, or 4%, to settle at $45.17 a barrel Market signaling consumer in better shape: Tom Lee Michelle Fox | @MFoxCNBC 1 Hour AgoCNBC.com 41 SHARES 15 COMMENTSSquawk on the Street." "If I had to say do I trust the market signals or the data, I think the market signals are telling us consumers are in better shape." U.S. consumer spending in June advanced at its slowest pace in four months, increasing 0.2 percent, the Commerce Department said Monday. On the other hand, personal income rose 0.4 percent for the month. Consumer confidence also appears to be slipping. Last week, the Conference Board's Consumer Confidence Index dipped to 90.9 in July, missing estimates. The reading was the lowest level since September. Read MoreS&P has making for 'bull market correction': Technician Lee likes the cyclicals, which he said in the U.S. is largely consumer discretionary, technology and industrials. While the first two are in "pretty good shape, the strong dollar has been making it tough for industrials, he noted. However, he's positive for the sector in the longer term. "If I think about the next 18 months, I think industrials could do well because I think dollar concerns are going to abate," he said. Most investors have reduced risk in the overall market but Lee thinks it's time to be "risk on." "I think it's a market that's … bracing for a correction, partly because of the Fed and partly because of the calamity in Europe and China," he said. "But as you know, it if everyone is positioned one way, the probability of it happening is quite low so I think the market will surprise us to the upside."
This guy says 2200 on the s$$$$p by the end of 2015, so that means buy everything you can possibly buy at these levels, says that the markets have NOT broken down and that is a sign of a positive market thats going HIGHERRRRRRRRRRR!!!!!! BUY BUY BUY BUY BUY BUY BUY BUY !!!!!! US stocks show 'incredible resilience': Trader Stephanie Yang 4 Hours AgoCNBC.com Despite uncertainty surrounding China, collapsing commodities and an impending rate hike, one technician says he sees the market hitting new highs by year-end. "We have not seen such a tight market, despite such turbulence that we've seen in the global economy, in some time. This market is showing an incredible amount of resilience," Todd Gordon said Wednesday on CNBC's "Power Lunch." China's Shanghai composite index has been bumpy in recent months as the country's economy slows, and has lost more than 4 percent this week. Commodities such as gold and crude oil have traded near multiyear lows in the past month. U.S. stocks saw a strong selloff Wednesday morning, but rebounded temporarily after minutes from July's Federal Reserve meeting suggested further delays to raising interest rates. The Dow Jones industrial average and the S&P 500 both closed down almost 1 percent. Gordon said the S&P continues to trade in a tight range above previous support levels. He said he sees the index reaching above 2,200 by the end of the year. The S&P has risen about 1 percent year to date, and closed Wednesday at 2,079. "Just the fact that we haven't broken down with so much turbulence is suggesting that that logical approach will emerge," he said. Larry McDonald, managing director at Societe Generale, is not as bullish. He said Wednesday that the biggest challenge facing the U.S. stock market is turmoil in China and potential credit defaults. He compared this situation to risk from emerging markets in 1998, in which the S&P 500 dropped 22 percent from July to September. "The Chinese slowdown is impacting the many markets around the world, and that is presenting a risk to the U.S.," McDonald said. "U.S. equity rallies are suspect until we see a meaningful improvement in credit."
HHAHAHA of course tom lee would be back on cnbc after the worse drop in over a year and a half on wall street. Got to love it... What the bears are missing: Tom Lee The biggest selloff of the year hasn't dented the confidence of the Street's biggest bull. The S&P 500 and Dow Jones Industrial average fell more than 2 percent Thursday, marking the worst trading day for both indexes since February 2014. But Funstrats Tom Lee, who has been one of the most bullish strategists on the Street for years, sees "positives in the market," and he's using the rare sell-off as a buying opportunity. "I think the housing recovery trumps what is happening right now in energy," Fundstrat's founder said. Housing starts in July rose at a seasonally adjusted rate of 1.21 million last month to its highest level since October 2007 and marking the third time in four months that figures reached a new post-recession high. "Housing is big enough to move the needle and more than offset the energy-related downturn," he added. "There's still a lot of upside for housing equities." Before yesterday's brutal selloff, the XHB homebuilders ETF, hit an eight-year high this week. Lee also sees encouraging signs in the technicals in the market. According to Lee's research, the percentage of stocks hitting 52-week lows as a percentage of total stocks hitting 52-week lows and 52-week highs is above 85 percent. By Lee's work, since 2002, each time that measure has hit that level, stocks have rallied 94 percent of the time in the following month. "Sentiment right now is awful," said Lee. "It's been a really tough couple of weeks. But the reality is when you're not feeling comfortable that's usually a better time to buy than when you're feeling confident."
Just to let everyone know, this guy was screaming that you needed to get in this market when the dow was 1000 points higher, when the dow was above 18,000, here we are with the dow now under 17,000 and he still is trying to convince the masses that you need to go long and stay the course, this headline is funny, "WHAT THE BEARS ARE MISSING" haha What are they missing? They aren't missing anything, its the bulls that have no comprehension on whats coming, its a fed and central bank controlled environment, remove them from the equation and the markets would be 50% lower. So the bears aren't missing much, its the bulls that need to learn that this market is extremely tired and that the world economies are headed for a really long, long, recession. This was on the FRONT page of cnbc moments ago! TOP NEWS & ANALYSIS What the bears are missing: Tom Lee Despite the heavy selling, Wall Street's biggest bull sees a buying opportunity.
TOP NEWS & ANALYSIS S&P to hit 2,100 by year end: Expert The market's wild ride will likely continue, but stocks will ultimately end higher for the year, financial pro Jeff Carbone says. The market's wild ride will probably continue, but stocks will ultimately end higher for the year, financial pro Jeff Carbone said Wednesday. He's predicting the S&P 500 will hit 2,100 by the end of 2015. "With the economic data coming out, earnings coming up soon, job numbers continuing to improve, I think we're going to see a good finish to the market," the founder and senior partner of Cornerstone Financial Partners said in an interview with CNBC's "Power Lunch." On Wednesday, stocks attempted to recover from the worst start to a September in 13 years. The S&P 500 and Nasdaq composite tried to hold out of correction territory, defined as 10 percent or more down from its 52-week high. The Dow Jones industrial average remained in correction mode in midday trading. Despite his bullish outlook, Carbone said he's not necessarily predicting a V-shaped correction. In fact, there could be more rockiness ahead if stocks go back up too quickly. "If we test the highs too soon, I think we could see a correction back in later September, early October," he said. However, Carbone still believes the market will turn around to hit his year-end target. So for those who are willing to ride out the volatility, he thinks now is a good time to buy. He specifically likes technology, health care and developed international markets, as well as financials if investors believe the Federal Reserve will hike rates this year. —CNBC's Evelyn Cheng and Jennet Chin contributed to this report.
HAHAHAHAHAHAHAHAHAHA This is for the bulls on this nice down day!!! should be interesting to see how this call plays out Oppenheimer's bold call: 2,311 for the S&P 500 by year-end Kerima Greene | @KerimaGreene Wednesday, 2 Sep 2015 | 2:54 PM ET 41 SHARES 2 COMMENTSJoin the Discussion Adam Jeffery | CNBC After another dizzying week in the markets, as U.S. stocks staged a rebound Wednesday afternoon. But the mood nervous amid extended volatility. The S&P 500 dipped in and out of correction territory, defined as ten percent away from its 52-week high. The Dow Jones industrial average and Nasdaq composite remained in correction mode in a choppy trading session. Despite the whipsaw swings, as stocks recovered from the worst start to a September in 13 years, John Stoltzfus, chief market strategist at Oppenheimer Asset Management, remained firmly bullish. Stoltzfus told CNBC's "Power Lunch" Wednesday he stands by his 12 month target for the S&P 500 of 2,311, and earnings per share forecast of $126. "We expect earnings to recover from weakness in the first half and China and Greece worries to recede as stateside and global growth more clearly reasserts itself and gains momentum from the fall through the end of the year," said Stoltzfus. "We're building a platform into September based on fundamentals. There are good opportunities if you think earnings can be driven by GDP." Oppenheimer's asset allocation is currently 60 percent in stocks, 20 percent in bonds, ten percent in real estate, and another five percent each in cash and alternatives. Oppenheimer's bold S&P 500 call: 2,311 by year-end Stoltzfus favors cyclical sectors over defensive sectors for the near and intermediate term, and remains"market cap agnostic," with exposure distributed among large, mid-and small-cap stocks. "Keep your shopping list of stocks handy," said Stoltzfus. "Good buys are likely to present themselves." His top sectors to overweight versus benchmark weight remain consumer discretionary, information technology and financials. Stoltzfus maintains a market weight versus the benchmark on consumer staples and prefers to be underweight the utilities, telecoms and energy sectors Contrarian bets include materials and industrials, while health care remains a favorite among defensive sectors. "Ultimately we expect that modest upward tweaking of the rates by the Fed will be well taken by the markets as was the tapering of QE though not without a taper-tantrum in 2013." said Stoltzfus. "A moderate move toward normalization by the Fed should provide for the uncertainmarketsthat indeed things are officially getting better." Read MoreCNBC Market Strategist Survey Tony Dwyer, Canaccord Genuity's chief U.S. strategist, has the most bullish forecast on Wall Street, calling for the S&P 500 to climb to 2,340 by December. Goldman Sachs' David Kostin and Barclays' Jonathan Glionna are tied at 2,100 for the least optimistic forecast. Stefanie Kratter contributed to this article
The lower the markets go the more bullish the price targets get... notice that it says STRATEGIST....SO HE HASSSSS TO BE RIGHT!!! S&P 500 to hit 2,225 by year-end: Strategist Michelle Fox | @MFoxCNBC 17 Hours AgoCNBC.com 105 SHARES 73 COMMENTSJoin the Discussion Despite the recent turbulence in the market, one strategist is sticking by his bold call that the S&P 500 will end the year at 2,225. That's more than 10 higher from its current level. "What you're seeing the last couple of weeks is a bottoming process," Julian Emanuel, U.S. equity and derivatives strategist at UBS, said Thursday. "People are waiting for conditions to get better and the money will come in. There's a very pronounced tendency for fourth quarters to be good because people do look ahead to the next year, where we see an earnings recovery that's going to drive the market higher." That said, investors should get used to volatility because it's going to continue, he told CNBC's "Power Lunch." Getty Images Trader on the floor of the New York Stock Exchange. U.S. stocks traded in a narrow range Thursday, a day after the S&P 500 and Nasdaq closed out of correction territory to within 10 percent of their 52-week highs. On Tuesday, the market had its worst start to September in 13 years. As for those who are worried about stocks entering a bear market, Emanuel said that won't happen. "There has not been a bear market over the last 25 years without a recession and the economy is simply too strong now, whether you look at it in terms of jobs, housing or confidence," he said. Market technician Mark Newton isn't quite as bullish. In fact, nothing in the charts suggests the selloff is over, he said. "None of the reasons for the selloff over the last couple weeks have dissipated in the last couple days to think 'OK, everything is over' either from a technical or a fundamental perspective," the chief technical analyst at Greywolf Execution Partners told "Power Lunch." ‹ Leon Cooperman: This is to blame for recent selloff Threat of ‘regime’ change hits Wall Street Risk of big stock drops grows: Robert Shiller › He believes the S&P 500 will have to go back to 2,044 before there is real confidence that the worst is behind the market. "Until that happens it is merely a little bit of a bounce within an ongoing decline," Newton added. He thinks the S&P could fall down to 1,820 and possibly 1,680. Large-cap opportunities Fund manager Margaret Vitrano also anticipates more volatility ahead. However, she thinks it creates an opportunity to buy good large-cap companies to own over the next several years. Specifically, Vitrano likes Adobe, which she thinks has a lot of runway left due to the several million people who have not yet shifted to its subscription model. Such a model is harder to pirate, she said. "That shift from a licensed model to a subscription model is going to be a nice tail wind for them to start to capture some lost revenue that they haven't been able to generate in the past," Vitrano, manager of the Morningstar four-star rated ClearBridge Investments Large Cap Growth fund, said on "Power Lunch." Another name on her list is American Express, which she said has been good at cutting costs over the last couple of years and has room for margin expansion. "We like the U.S. consumer. It's one of the few bright spots out there. American Express is a nice derivative play on the U.S. consumer because more half their revenue comes from U.S. consumer spending," she added. She also likes Google. —CNBC's Evelyn Cheng contributed to this report. Disclosure: SBLYX owns Adobe, American Express and Google. Disclaimer