Predictions keep going higher and higher!!!!!!!!!
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Bob Doll at it again with his perma bull ways, I guess when you manage $350 billion dollars you have to be a perm bull no matter what the economy is doing. He also goes on to talk about the "cash on the sidelines" like all money managers do thinking that it will rush into the market and create another huge bull market. That phrase has never lived up to anything its a conspiracy theory.
S+P 500 Going Back to 1250: It's a Great Time to Buy Stocks, Bob Doll Says
Posted Jun 10, 2010 01:19pm EDT by Peter Gorenstein
Related: ^ixic, ^gspc, ^dji, spy, blk, qqqq, iwn
Stocks are soaring midday Thursday. The Dow and S&P 500 have been up as much as 2% on the day. The gains are being attributed to strong export data from China and a better-than-expected reading in the weekly jobless data; continuing claims dropped by the largest amount in almost a year.
The timing of the rally couldnât be better for Bob Doll, chief equity strategist for fundamental equities at BlackRock. Doll, who manages more than $350 billion, made his bullish case for stocks in a Wall Street Journal op-ed Wednesday and expanded on those themes in an interview with Tech Ticker this morning.
"Valuations are cheap, sentiment is very negative, that should be interpreted as a positive," he tells Henry. "Most people are underweight equities, thereâs a lot of cash earning zero on the sidelines."
Though bullish, Doll is no Pollyannna. Heâs well aware of the problems in Europe, the stubbornly high unemployment rate and the headwinds caused by a stronger dollar. "That will keep us from going up immediately,â he notes.
That said, Doll thinks the pros outweigh the cons and the S&P 500 will reach 1250 by year's end. The "global cyclical recovery is underway and that is allowing earnings to recover," he says. He also points to improvements in consumer spending and in the manufacturing sector.
What would make him change his mind?
"If deflation took over, that is to say profits began to contract [and] the revenue line did not improve at all. Then weâd have to go back to the drawing board."
But today the market is painting a pretty picture for the bulls -- at least for now.
S+P 500 Going Back to 1250: It's a Great Time to Buy Stocks, Bob Doll Says
Posted Jun 10, 2010 01:19pm EDT by Peter Gorenstein
Related: ^ixic, ^gspc, ^dji, spy, blk, qqqq, iwn
Stocks are soaring midday Thursday. The Dow and S&P 500 have been up as much as 2% on the day. The gains are being attributed to strong export data from China and a better-than-expected reading in the weekly jobless data; continuing claims dropped by the largest amount in almost a year.
The timing of the rally couldnât be better for Bob Doll, chief equity strategist for fundamental equities at BlackRock. Doll, who manages more than $350 billion, made his bullish case for stocks in a Wall Street Journal op-ed Wednesday and expanded on those themes in an interview with Tech Ticker this morning.
"Valuations are cheap, sentiment is very negative, that should be interpreted as a positive," he tells Henry. "Most people are underweight equities, thereâs a lot of cash earning zero on the sidelines."
Though bullish, Doll is no Pollyannna. Heâs well aware of the problems in Europe, the stubbornly high unemployment rate and the headwinds caused by a stronger dollar. "That will keep us from going up immediately,â he notes.
That said, Doll thinks the pros outweigh the cons and the S&P 500 will reach 1250 by year's end. The "global cyclical recovery is underway and that is allowing earnings to recover," he says. He also points to improvements in consumer spending and in the manufacturing sector.
What would make him change his mind?
"If deflation took over, that is to say profits began to contract [and] the revenue line did not improve at all. Then weâd have to go back to the drawing board."
But today the market is painting a pretty picture for the bulls -- at least for now.
And just like that the most recent market declines are over with, DONE according to Mark Sturdy...........He says the minimum run is to 1165, I am anticipating some great catalyst for this run but I wont since anything goes in this market, let the bulls enjoy the rally coming up because as usual the decline is 100X faster than the rise. Let the propping of the markets begin once again!!!!
Charts: S&P to Rally to 1,165 as Pullback Ends
Published: Thursday, 17 Jun 2010 | 11:37 AM ET
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By: CNBC.com
The recent declines in the S&P 500 are over for now and the index should rally to 1,165 points, Mark Sturdy, director of Seven Days Ahead, told CNBC Thursday.
"The market is in the grip of this double bottom, the minimum move of which is to 1,165 (points)," Sturdy said.
The S&P's [.SPX 1116.04 1.43 (+0.13%) ] bull run, which had been in place since early 2009, became exhausted, Sturdy pointed out. The declines that followed that rise have now run their course and the index is able to move higher again, he said.
"The impetus for the rally came from that large head-and-shoulders bottom around the turn of '09âand that rally was driven by that head-and-shoulders," Sturdy said, examining a long-term chart of the S&P.
"The target of that head and shoulders was precisely met: 1,219.05," he added.
Charts: S&P to Rally to 1,165 as Pullback Ends
Published: Thursday, 17 Jun 2010 | 11:37 AM ET
Text Size
By: CNBC.com
The recent declines in the S&P 500 are over for now and the index should rally to 1,165 points, Mark Sturdy, director of Seven Days Ahead, told CNBC Thursday.
"The market is in the grip of this double bottom, the minimum move of which is to 1,165 (points)," Sturdy said.
The S&P's [.SPX 1116.04 1.43 (+0.13%) ] bull run, which had been in place since early 2009, became exhausted, Sturdy pointed out. The declines that followed that rise have now run their course and the index is able to move higher again, he said.
"The impetus for the rally came from that large head-and-shoulders bottom around the turn of '09âand that rally was driven by that head-and-shoulders," Sturdy said, examining a long-term chart of the S&P.
"The target of that head and shoulders was precisely met: 1,219.05," he added.
Abby Joseph Cohen is back yet again, I think this may be the third or even the 4th time she has called for a big rally and that the SPX will be trading at 1250 by the end of 2010. I wish it could get to 1250 so I could hear her next prediction. Even if the SPX dropped 25% tomorrow she would still stick with here bullish ways, what a joke she is.
Stock Values Are 'Better Now,' Big Rally On the Way: Cohen
Published: Monday, 28 Jun 2010 | 4:37 PM ET
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By: Jeff Cox
CNBC.com Staff Writer
The wobbly stock market in 2010 has resulted in attractive valuations that should see a rally of more than 16 percent between now and the end of the year, Goldman Sachs analyst Abby Joseph Cohen told CNBC.
NYSE traders
Commodities, particularly energy, look especially good, as do industrial equipment and information technology stocks, said Cohen, president of Goldman's [GS 136.66 -3.00 (-2.15%) ] Global Market Institute.
She said the firm is sticking with its 1250 projection for the Standard & Poor's 500 [.SPX 1074.57 -2.19 (-0.2%) ], calling it a "well-substantiated expectation" considering that the market meandered through the first part of the year even as corporate profits excelled.
That projection, which would see the broad index gain 16.4 percent from its Monday close, comes even though unemployment is high and the situation with European sovereign debt remains unpredictable.
"We think the stock market is already pricing in some less than pleasant news. From that standpoint we think the valuation of the stock market is better now than it was a few months ago," she said. "The most important thing we see is no recession, no double-dip. What we see is deceleration but ongoing growth of GDP but at a slower rate, and we think the profit picture will be good."
In a June 7 appearance on CNBC, Cohen said the US is struggling but is still ahead of most of the world's economies, something investors should consider when making choices.
She elaborated a bit Monday on her position, adding some caution but also said the European economies are better off because of aggressive central bank action.
"The worst is likely over in terms of fear of contagion, but let's see where we are," she said.
She said US consumers seem to be strengthening and businesses are investing again.
"There seems to be good, strong underlying demand not just from consumers, but we also see businesses are investing again. They're buying that productivity-enhancing equipment for their workers," she said.
Stock Values Are 'Better Now,' Big Rally On the Way: Cohen
Published: Monday, 28 Jun 2010 | 4:37 PM ET
Text Size
By: Jeff Cox
CNBC.com Staff Writer
The wobbly stock market in 2010 has resulted in attractive valuations that should see a rally of more than 16 percent between now and the end of the year, Goldman Sachs analyst Abby Joseph Cohen told CNBC.
NYSE traders
Commodities, particularly energy, look especially good, as do industrial equipment and information technology stocks, said Cohen, president of Goldman's [GS 136.66 -3.00 (-2.15%) ] Global Market Institute.
She said the firm is sticking with its 1250 projection for the Standard & Poor's 500 [.SPX 1074.57 -2.19 (-0.2%) ], calling it a "well-substantiated expectation" considering that the market meandered through the first part of the year even as corporate profits excelled.
That projection, which would see the broad index gain 16.4 percent from its Monday close, comes even though unemployment is high and the situation with European sovereign debt remains unpredictable.
"We think the stock market is already pricing in some less than pleasant news. From that standpoint we think the valuation of the stock market is better now than it was a few months ago," she said. "The most important thing we see is no recession, no double-dip. What we see is deceleration but ongoing growth of GDP but at a slower rate, and we think the profit picture will be good."
In a June 7 appearance on CNBC, Cohen said the US is struggling but is still ahead of most of the world's economies, something investors should consider when making choices.
She elaborated a bit Monday on her position, adding some caution but also said the European economies are better off because of aggressive central bank action.
"The worst is likely over in terms of fear of contagion, but let's see where we are," she said.
She said US consumers seem to be strengthening and businesses are investing again.
"There seems to be good, strong underlying demand not just from consumers, but we also see businesses are investing again. They're buying that productivity-enhancing equipment for their workers," she said.
Burt White, chief investment officer at LPL Financial.
White said the market has changed its focus from being worried about a double dip recession to being now concerned that the recovery is decelerating.
"We think we're poised for a little bit of a pull back here," he said. White said the market could react to disappointing economic data, and he expects it to be volatile and range bound, between about 1050 and 1150 on the S&P 500.
However, White expects the market to head higher after uncertainty around the mid-term election is eliminated, and it could rally into the year end to as high as 1300. He also expects the economic data to start showing improvement.
White said the market has changed its focus from being worried about a double dip recession to being now concerned that the recovery is decelerating.
"We think we're poised for a little bit of a pull back here," he said. White said the market could react to disappointing economic data, and he expects it to be volatile and range bound, between about 1050 and 1150 on the S&P 500.
However, White expects the market to head higher after uncertainty around the mid-term election is eliminated, and it could rally into the year end to as high as 1300. He also expects the economic data to start showing improvement.
While the situation of public finances is between dire and awful in most places, it is inexact to add pension costs woes to the already overlong list of problems, at least for France (I donââ¬â¢t feel knowledgeable enough on Spain and Greece to comment on their specific case).
This bizarre concept of ââ¬Ëunfunded pension liabilitiesââ¬â¢ has been floated around for some time from a far away, specific location of the political spectrum. As the objective of the Cato institute seems to be to make the editorial staff of The Economist look like Bolsheviks, perhaps we should use their output with some amount of caution. Furthermore, barking at the wrong retirement tree allows the collapsing of the surrounding forest to remain unnoticed.
Consider a fictive country, that we shall name the Un. St. of Am., where the government plans to spend 3 % of GDP each year for Defence budget in the next 50 years. 3 % of GDP, 50 years - and voilÃ_ ! My Cato-tonic magic wand has just created a 150 % of unfounded liabilities. The Cato institute might not be amused and point out that Defence budget of the Un. St. of Am. for year 20xx shall be financed by tax revenue of said year 20xx. Well, it is exactly the same thing for French pensions.
The répartition system of French pensions makes worker pay, from deduction on their salary, for the pensions of retired. The system has thus three outputs: the amount of working people, the amount of retired, and the amount transferred from the first to the second. Thus there are 3 dependent variables to adjust: the age of retirement (or, in France, its proxy, see below), the amount of tax paid by workers, and the level of the pensions.
This bizarre concept of ââ¬Ëunfunded pension liabilitiesââ¬â¢ has been floated around for some time from a far away, specific location of the political spectrum. As the objective of the Cato institute seems to be to make the editorial staff of The Economist look like Bolsheviks, perhaps we should use their output with some amount of caution. Furthermore, barking at the wrong retirement tree allows the collapsing of the surrounding forest to remain unnoticed.
Consider a fictive country, that we shall name the Un. St. of Am., where the government plans to spend 3 % of GDP each year for Defence budget in the next 50 years. 3 % of GDP, 50 years - and voilÃ_ ! My Cato-tonic magic wand has just created a 150 % of unfounded liabilities. The Cato institute might not be amused and point out that Defence budget of the Un. St. of Am. for year 20xx shall be financed by tax revenue of said year 20xx. Well, it is exactly the same thing for French pensions.
The répartition system of French pensions makes worker pay, from deduction on their salary, for the pensions of retired. The system has thus three outputs: the amount of working people, the amount of retired, and the amount transferred from the first to the second. Thus there are 3 dependent variables to adjust: the age of retirement (or, in France, its proxy, see below), the amount of tax paid by workers, and the level of the pensions.
If he's using the 1970's map, we're in 1975. No idea how he gets 14k.
Everyday there is another 1200-1300 prediction, here is today's:
Expect S&P to Hit 1250-1300 by Year-End: Kotok
Published: Wednesday, 4 Aug 2010 | 1:28 PM ET
By: JeeYeon Park
CNBC News Associate
Stocks opened higher Wednesday after a pair of reports offered some encouragement on the struggling job market. Should investors focus fundamentals or technicals? Scott Redler, chief strategic officer at T3live.com, and David Kotok, chairman and chief investment officer at Cumberland Advisors and CNBC contributor, discussed their insights.
âWe love the marketsâweâre fully invested,â Kotok told CNBC. âWe like the fundamental picture very much.â
Kotok said he favors the technology, biotechnology and the transport sectors.
âWe think this is a very good bull market and our target is 1,250 to 1,300 [on the S&P 500] within the year,â he continued.
Redler's View:
In the meantime, Redler said people who have been following the technicals of the market have been making profits.
âDuring this entire rally, youâve had the calculated pull-ins, youâve had leadership and rotation,â he said. âVolumeâs been a little light, but weâre not in a perfect market right now.â
Redler said he expects markets to rise further, led by technology stocks such as Apple [AAPL 262.34 0.41 (+0.16%) ], IBM [IBM 131.12 0.75 (+0.58%) ] and Intel [INTC 20.74 -0.13 (-0.62%) ].
âIf we can hold the 1,150 area [on the S&P 500], which we are, we can take out 1,127,â Redler said. âNext area that we think will post some resistance is around 1,140 to 1,150.â
Expect S&P to Hit 1250-1300 by Year-End: Kotok
Published: Wednesday, 4 Aug 2010 | 1:28 PM ET
By: JeeYeon Park
CNBC News Associate
Stocks opened higher Wednesday after a pair of reports offered some encouragement on the struggling job market. Should investors focus fundamentals or technicals? Scott Redler, chief strategic officer at T3live.com, and David Kotok, chairman and chief investment officer at Cumberland Advisors and CNBC contributor, discussed their insights.
âWe love the marketsâweâre fully invested,â Kotok told CNBC. âWe like the fundamental picture very much.â
Kotok said he favors the technology, biotechnology and the transport sectors.
âWe think this is a very good bull market and our target is 1,250 to 1,300 [on the S&P 500] within the year,â he continued.
Redler's View:
In the meantime, Redler said people who have been following the technicals of the market have been making profits.
âDuring this entire rally, youâve had the calculated pull-ins, youâve had leadership and rotation,â he said. âVolumeâs been a little light, but weâre not in a perfect market right now.â
Redler said he expects markets to rise further, led by technology stocks such as Apple [AAPL 262.34 0.41 (+0.16%) ], IBM [IBM 131.12 0.75 (+0.58%) ] and Intel [INTC 20.74 -0.13 (-0.62%) ].
âIf we can hold the 1,150 area [on the S&P 500], which we are, we can take out 1,127,â Redler said. âNext area that we think will post some resistance is around 1,140 to 1,150.â
Mr. Bergman doesn't even give a number on the SPX, he just yells "MELT UP". I'm wondering what kind of "MELT UP" he is referring to. For some reason all I keep hearing is that stocks are cheap and that the markets are headed substantially higher into the 2011. If a credit crisis can lead to a 50+% drop in the indexes and then a rise of over 100% in equities in only 2 years flat I think we should have a bubble and crisis at least once every few years. What comes up after a "MELT UP", will the bulls still be screaming to buy the markets like they did in 2007 at 12k+ only to see stocks plummet, going to be interesting as these markets push ahead.
A 'Melt-Up' in Stocks by End of 2011: Morgan Stanley Exec
Published: Wednesday, 4 Aug 2010 | 2:24 PM ET
By: Gennine Kelly
Web Producer, CNBC
By the end of 2011 stocks will be "substantially higher," and "a melt-up is coming,â Shelley Bergman, managing director and portfolio manager of Morgan Stanley Smith Barney, told CNBC on Wednesday.
"Money should be put to work in equities," Bergman said.
Many "yield-starved investors" are putting their money to work in the "wrong areas," he said. This is not the time to be "venturing in and buying yield investments. That was last yearâthat gameâs over," he said.
The key reason that Baby Boomers continue to remain fearful about investing, according to Bergman, is the amount of negative information out there right now.
It will be "lack of bad news" that will ultimately draw investors back into the markets, the Morgan Stanley [MS 27.87 0.38 (+1.38%) ] exec concluded.
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A 'Melt-Up' in Stocks by End of 2011: Morgan Stanley Exec
Published: Wednesday, 4 Aug 2010 | 2:24 PM ET
By: Gennine Kelly
Web Producer, CNBC
By the end of 2011 stocks will be "substantially higher," and "a melt-up is coming,â Shelley Bergman, managing director and portfolio manager of Morgan Stanley Smith Barney, told CNBC on Wednesday.
"Money should be put to work in equities," Bergman said.
Many "yield-starved investors" are putting their money to work in the "wrong areas," he said. This is not the time to be "venturing in and buying yield investments. That was last yearâthat gameâs over," he said.
The key reason that Baby Boomers continue to remain fearful about investing, according to Bergman, is the amount of negative information out there right now.
It will be "lack of bad news" that will ultimately draw investors back into the markets, the Morgan Stanley [MS 27.87 0.38 (+1.38%) ] exec concluded.
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