July 20 (Bloomberg) -- Goldman Sachs Group Inc. boosted its forecast for the Standard & Poor 500 Index, saying improving earnings will spur the steepest second-half rally since 1982. The benchmark index for U.S. stocks will end the year at 1,060, 15 percent above its level on June 30 and an increase from David Kostinâs prior projection of 940. The chief U.S. investment strategist at New York-based Goldman Sachs also lifted his 2009 and 2010 earnings per share estimates for S&P 500 companies to $52 and $75, which are 30 percent and 19 percent higher than his prior estimates, respectively. âImprovement in ex-financial earnings per share, stabilization in profit margins and higher forward EPS guidance all point to a rising market through 2009,â Kostin wrote in a report today. The S&P 500 rallied the most since March last week as companies from Goldman Sachs to Intel Corp. reported results that topped analystsâ estimates. Since March 9, the gauge has rebounded 39 percent amid speculation the economy is recovering. Kostin is now tied with Deutsche Bank AGâs Binky Chadha for the second-highest S&P 500 forecast among 10 Wall Street strategists tracked by Bloomberg News. Only JPMorgan Chase & Co.âs Thomas Lee, at 1,100, is more bullish on stocks. Barclays Plcâs Barry Knapp, who had been the pessimistic U.S. strategist, increased his projection a week ago following the 40 percent surge in the S&P 500 between March and June, the biggest gain since the 1930s. http://www.bloomberg.com/apps/news?pid=20601087&sid=alcaYpBt0PvY Strong sell recommendation or what ?