Good 1st week for Stocks (S&P = 1,466.47)
S&P 500 finishes at 5-year high on economic data
Excerpt:
The benchmark Standard & Poor's 500 index ended at a five-year high on Friday, lifted by reports showing employers kept up a steady pace of hiring workers and the vast services sector expanded at a brisk rate. The gains on the S&P 500 pushed the index to its highest close since December 2007 and its biggest weekly gain since December 2011.Comment: My prediction for the year is 1490!
Another prediction (1/9/13): S&P to Hit 1550 in 2013
ReplyDeleteThe S&P 500 will hit 1550 this year after an initial bumpy ride in the first half of the year, Chad Morganlander, Portfolio Manager at Stifel Nicolaus predicted Wednesday.
"It'll be a bumpy ride for the first half of the year - we expect U.S. GDP to be around 2 percent but it will be dead in the water for the first quarter to second quarter and then re-emerge once capital spending kicks in and the housing market improves. We should see a return of around 7 to 8 percent in the United States based on S&P earnings of $105 for 2013,"Morganlander said