'Wall Street has never been more sure that the Standard & Poors 500 Index will rally in 2011, even after speculation the U.S. economy is heading for a recession prompted the biggest plunge since the bull market began. Chief strategists at 13 banks from Barclays Plc (BARC) to UBS AG (UBSN) see the benchmark measure of American equity surging 17 percent through Dec. 31, the average estimate in a Bloomberg survey. Their projection that the index will reach 1,401 hasnt budged in four weeks, while mounting concern U.S. growth is slowing drove the S&P 500 down 11 percent since July 22, including yesterdays 4.8 percent tumble.' http://www.bloomberg.com/news/2011-08-05/strategists-stick-with-17-s-p-500-rally-on-earnings.html
Macro-economic morons. Of course, throw in a big enough QE and maybe it's possible. But they were not referring to that in this article.
yeah like I trust anything on Wall street read this and vomit.http://www.rollingstone.com/politic...wall-street-crimes-20110817?link=mostpopular3
