goldman. s&p going to 1500 +20% this year.

Discussion in 'Wall St. News' started by Free Thinker, Jan 7, 2011.

  1. is it time for goldman to hand off their longs to the bagholders?

    From David Kostin

    We are raising both our 2011 and 2012 S&P 500 earnings estimates by $2 per share to $96 and $106, reflecting annual growth of 14% and 11%, respectively. We boost our year-end 2011 target to 1500 representing a potential total return of 21% including the 2% dividend yield. Our 3- and 6-month interim targets are 1325 and 1400, respectively. A re-accelerating US economy will drive 8% sales growth and explains our pro-cyclical recommendations. Focus on stocks with high beta to both the US economy and the stock market and firms with rising return on equity (ROE).
  2. the1


    Well....since Abby J didn't put this out maybe not but seeing as GS is pretty infamous for getting very bullish near tops ($200 Oil Mega Spike - LOL) we might be close. GS's conviction list has nothing but Buy's!

    But then there's the Fed, that blasted Fed. They can't let the market fall because it creates a "wealth effect." If people's 401(k)'s tumble the grand plan falls apart. Trade what happens.