The predictions keep getting better and better, Im leaning towards s$p 1100-1120 by mid october, maybe even sooner, im actually feeling the bulls taking this market at least 10% higher into 2010, this market is running with everything it has, the bullish calls are coming out on an hourly basis now, upgrades left and right are pushing a different sector of the market higher on a daily basis. Nothing can go wrong now that bulls have control. Going to be a long time before any correction shows. Keep buying equities, nothing can ever be overbought in a manipulated market.
S&P to Reach 1,130 by Year-End: Strategist
Published: Tuesday, 22 Sep 2009 | 12:10 PM ET
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By: JeeYeon Park
News Associate
Two bullish strategists Frederic Dickson, chief market strategist at D.A. Davidson & Co. and Ted Parrish, co-portfolio manager at Henssler Equity Fund said they expect markets to go higher by year-end.
âThe news is getting much better, the earnings revisions have been superior over the past couple of weeks and I think thereâs a lot of good things going on in the credit market,â Parrish told CNBC. âWe expect the S&P to finish at 1,130 by the end of the year.â
Parrish said he expects the S&P to continue to challenge the all-time highs in the next couple of years and encouraged investors to put money to work before the end of the year.
âYou still need to be cautious about what youâre buying in a few sectors,â said Parrish. âFinancialsâthereâs a bit of trouble there, but some of these early cyclical stocks are going to do well and industrials are going to continue to do well.â
In the meantime, Dickson said investors are starting to look for market opportunities while being mindful of potential risks such as credit, deficit or the dollar.
âWeâre starting to see money move out of the more highly valued stocks into stocks that can benefit from a lower dollar, better international growth as a result of that,â he said.
S&P to Reach 1,130 by Year-End: Strategist
Published: Tuesday, 22 Sep 2009 | 12:10 PM ET
Text Size
By: JeeYeon Park
News Associate
Two bullish strategists Frederic Dickson, chief market strategist at D.A. Davidson & Co. and Ted Parrish, co-portfolio manager at Henssler Equity Fund said they expect markets to go higher by year-end.
âThe news is getting much better, the earnings revisions have been superior over the past couple of weeks and I think thereâs a lot of good things going on in the credit market,â Parrish told CNBC. âWe expect the S&P to finish at 1,130 by the end of the year.â
Parrish said he expects the S&P to continue to challenge the all-time highs in the next couple of years and encouraged investors to put money to work before the end of the year.
âYou still need to be cautious about what youâre buying in a few sectors,â said Parrish. âFinancialsâthereâs a bit of trouble there, but some of these early cyclical stocks are going to do well and industrials are going to continue to do well.â
In the meantime, Dickson said investors are starting to look for market opportunities while being mindful of potential risks such as credit, deficit or the dollar.
âWeâre starting to see money move out of the more highly valued stocks into stocks that can benefit from a lower dollar, better international growth as a result of that,â he said.