Predictions keep going higher and higher!!!!!!!!!

"We still think we can grind higher into the New Year," said Joseph Quinlan, chief market strategist at U.S. Trust. His target for the S&P 500 is 1150 and his target for 2010 is 1300.
 
Calamos predicting another 10-12% gain by the end of 2010 and said any slow down in the economy will only bring more stimulus and greater liquidity injections....

Because that is what the economy needs more of, more liquidity to form the next massive bubble to offset any further downturn in the economy going forward.

Its this type of mentality that caused this crisis....easy money, liquidity injections,, private equity boom, etc etc, and they just want more of it right now.....so fucking sad how fools think.



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Nick Calamos, head of investments and chief investment officer of Calamos Investments, and Scott Black, president of Delphi Management, shared their insights.

“We’re growth investors and we see a lot of great opportunities out there, but the underlying fiscal and monetary policy and the direction we’re taking in the [U.S.] is what makes us nervous,” Calamos told CNBC. “But the valuation levels are quite reasonable here.”

Calamos said 1,200 to 1,250 on the S&P 500 is “very possible” by the end of next year.

“If the economy starts to slow down again we’re going to see an additional stimulus package in place, and we’re going to see the Fed inject more liquidity,” he said.

“They’re not going to let this bubble collapse—they’re going to have to continue to feed this monster.”

In the meantime, Black said he is a bottom-up stock picker and it is important to find companies with low P/Es and low price-to-book ratios.

“There’s still tons of liquidity—there’s still $3.3 trillion in money market assets sitting on the sidelines…so the money keeps pressing into the stock market,” he said.

Black noted that there are certain sectors that offer cheap stocks.

“Some of the retail companies are still selling at 8 to 10 multiples like The Buckles [BKE 28.61 0.31 (+1.1%) ], Aeropostale [ARO 32.36 0.39 (+1.22%) ],” he said.

“Some of the steel companies are going up—Allegheny Technologies [ATI 37.07 0.69 (+1.9%) ], Commercial Metals [CMC 17.14 0.21 (+1.24%) ]—these stocks are still cheap price-to booking, earnings are turning and they’re still reasonable values. But as a whole, markets are really well picked over.”
 
Not one "strategist" predicting any negative return for 2010.

AMAZING, ISN'T IT......


The following table presents estimates from strategists at
brokerages for where the S&P 500 will finish 2010 and the
implied percentage change from last week’s close of 1,106.41.

Firm Strategist Estimate %Change
Bank of America David Bianco 1,275 15
Barclays Barry Knapp 1,120 1
Citigroup Tobias Levkovich 1,150 4
Credit Suisse Andrew Garthwaite 1,125 2
Deutsche Bank Binky Chadha 1,260 14
Goldman Sachs David Kostin 1,250 13
JPMorgan Thomas Lee 1,300 17
Oppenheimer Brian Belski 1,300 17
RBC Myles Zyblock 1,200 8
UBS Thomas Doerflinger 1,250 13
AVERAGE 1,223 11
 
Another 20% gain on the dow for 2010, whew these guys are gooooooood....




This decade looks like it will be the worst ever for stocks, but Robert Froehlich, senior managing director at The Hartford, he expects 13,000 on the Dow by the end of 2010. How should investors prepare their portfolios?

“There’s always a way to make money in all segments of markets and I think we’re well-positioned for the next year,” Froehlich told CNBC.

Next year, Froehlich said he expects companies to start rebuilding inventories, the consumers will slowly start to return, and the global growth story will continue.

“I see this as an earnings-driven recovery,” he said. “The economy will continue to recover, and each quarter will look better.”

However, Froehlich warned that inflation is coming and said he is “scared to death” of bonds.

“That’s the next bubble waiting to happen,” he said. “So get into stocks.”



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well the NASDAQ futures keep on quietly hitting new yearly highs in the overnight session. Selling this market is a risky proposition at this time.
 
Quote from fkbsuhites:

well the NASDAQ futures keep on quietly hitting new yearly highs in the overnight session. Selling this market is a risky proposition at this time.
More...


And the Spy's keep getting shut down every time they hit 112, safe bet is to short 112 or even higher if it opens that way tomorrow, take it back to 110.50 with a 1 dollar stopout. Money in the bank AMIGO!!!
 
Another one predicting a 16% increase in the s$p next year....

keep em coming......



But Joseph Keating, chief investment officer of private asset management at RBC Bank, said he expects the recovery to continue gradually in 2010. He sees the S&P at 1,300 through the next year.

He said we are in the earnings-driven phase of the bull market, and as companies report growth in the new year, the markets will continue to tick upward.

"[It] doesn't mean we can't see a correction—we haven't had a 10 percent correction yet—but I think if we get one, I think that's a real buying opportunity," Keating said.

Keating isn't worried about the rise in the 10-year Treasury yield, because yields may currently be too low, he said. He doesn't think the economy will be derailed if the 10-year yield rises to 4 percent, but if it goes much higher than that—which he thinks is unlikely—it could hinder a recovery.

"You need increases in wages for a generalized increase in inflation to take place in the economy," he said.
 
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