Final '08 Strategist Forecasts of '07

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Credit Suisse included their 2008 S&P 500 forecast in this week's strategist survey done by Bloomberg. The company is looking for a year-end S&P 500 price level of 1,650. This is the last survey of the year, and all 12 strategists are looking for gains from current levels in 2008. Bear Stearns and HSBC are looking for the biggest gains, each with price targets of 1,700. Morgan Stanley is looking for the smallest gains, with a price target of 1,525. Morgan Stanley currently has the best call of all the 2007 estimates made at the end of '06.