Tuesday
Feb092010
Strategist Price Targets Increase for 2010
Tuesday, February 9, 2010 at 11:17AM At the start of the year, the average year-end price target for Wall Street strategists was 1,225. The year is only about 6 weeks old, but the average price target has now been upped to 1,232. The two firms that have already raised their year-end price targets are HSBC (1,225 to 1,300) and Bank of Montreal (1,175 to 1,200). The rest of them have kept their price targets the same. 1,232 is a gain of 16.07% from the S&P 500's current level.
Reader Comments (1)
As my favorite baseball player turned economist says:
It is tough to make predictions, especially about the future. - YOGI BERRA
I think we love predictions because if we make predictions, and/or concoct explanations for those events we predicted wrong, then we won’t feel like victims of randomness. We feel more in control. But are we more in control or just intoxicated by some illusion of control?
http://viewpointsofacommoditytrader.com/419/suckers-for-prediction/