Below we highlight the updated S&P 500 price targets of equity strategists surveyed by Bloomberg. After weeks and weeks of analysts lowering price targets, a firm finally upped its price target earlier this month. Merrill Lynch recently raised its 12-month price target for the S&P 500 from 1,430 to 1,500. The average price target of all analysts surveyed is now 1,519, which is 6.49% above the current level of the S&P 500. At the start of the year, the average price target was 11.12% above the S&P 500.
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I would put the S&P closer to 1079, based on historical risk premiums, Dow 10,500
http://nickgogerty.typepad.com/designing_better_futures/
Posted by: nick gogerty | May 20, 2008 at 09:37 AM