Barron's Annual Outlook For 2013: All But One Of 10 Top Wall Street Strategists Are Bullish

Tuesday, December 18, 2012 12:29
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Barron's Annual Outlook For 2013: All But One Of 10 Top Wall Street Strategists Are Bullish

Tags: asset allocation | stocks

Barron's came out last week with its annual forecast by 10 top Wall Street strategists and all but one of them are predicting the market will gain in 2013. Their mean forecast for S&P 500 profits is $108 a share, up 5% from this year's estimated $102.

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The 10 strategists all come from huge Wall Street institutions. The most bullish is Steven Auth from Federated, who has a 1660 target for the S&P 500, while ther least bullish is Adam Parker of Morgan Stanley, who sees the S&P500 ending 2013 at 1434, which is about where it is trading today.

 

Fritz Meyer, an independent economist and contributor to Advisors4Advisors, has done research showing the 10 strategists have historically not been a terribly accurate in their forecasts.    

 

 

 

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