Merrill Sees 1030 SPX

Discussion in 'Wall St. News' started by Landis82, Jan 6, 2009.

  1. According to a slew of indicators that Richard Bernstein follows. 12-month expected return has now risen to +14% from last month's +9%. New 12-month target is 1030.

    A "Sell-Side" sentiment indicator that takes a contrary view of asset-allocation sentiment on Wall Street is indicating a +14% return, according to Bernstein.
  2. Precise indicators are a license to brag, but don't mean much more than tea leaves and ouiji boards. How did his system do in 2008 from the beginning of the year?

    I have my hopes on a 1250-1350 S&P.
  3. 1450 easily by Dec 2009. This is a very mild, shallow recession.
  4. Admittedly, his forecasts are not pinpoint peak or trough technical forecasts.
    They are TREND forecasts based on about 7 indicators.

    These indicators can certainly be volatile from month-to-month. For example, an Inflation/PE model went from an expected return of -14% last month ( and its worst reading in history, Aug.2008 ) to an expected annualized return of +40% this month.

    Pretty volatile indeed.
  5. Bullishly biased too, indeed. :cool: