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S&P 500 Will Close Year At 1775 Up Another 5%:

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  • YTD of S&P is up 20%. I will take it for another 5% gain. Question will it get there, not that I am being pessimistic?
  • Well, maybe. I don't follow Europe too closely, but, based on the NPR stories I've heard, the PIIGS don't seem to be doing all that well, and there was a recent (non-NPR) comment that Germany's bonds might be down-rated. China is so-so. EM might be so far down that it has to rise, but the timing isn't certain (and the article has a 6 month window). I'd be VERY happy with 5% for the rest of the year. Could this guy just be trying to increase the churn for their accounts?
  • Deutsche Bank see S&P at 1660 by year's end along with these other estimates:
    image

    Reference:
    June Report
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