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BofA Merrill Lynch is one of the first Wall Street firm to pull out its crystal ball and...

  • Friday, September 14, 2012, 6:57 PM ET
    BofA Merrill Lynch is one of the first Wall Street firm to pull out its crystal ball and prognosticate what's next for stocks in 2013. Savita Subramanian, Merrill’s chief U.S. equity strategist, sees the U.S. avoiding a recession and GDP growth modestly accelerating into next year, with the S&P 500 finishing up 10 percent - albeit after a bumpy ride. Mcro risks are still a factor, she warns, and will likely cap the upside or could possibly even trigger a correction.
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This news story has 4 comments:

  •  
    Anybody can make any bogus predictions that they want. Truth is, nobody knows how stocks will finish *this* year.
    14 Sep 2012, 07:00 PM Reply Like
  •  
    SPX to 2,000, bankers retire billionaires, and middle class completely wiped out. FED accomplished its mission as CONgress and the "so smart" USA citizens asleep once again.
    14 Sep 2012, 11:29 PM Reply Like
  •  
    " BofA Merrill Lynch is one of the first Wall Street firm to pull out its crystal ball and prognosticate "

    Really? That's what they all do.

    Since when is this something new?

    In summary, she says,

    "stocks could go up or correct"


    What a joke.
    15 Sep 2012, 09:14 AM Reply Like
  •  
    $16 Trillion is one hell of an anchor. You can stimulate all you want, but as soon as economic activity picks up, the higher the drag from that massive interest expense.

    What WERE they thinking when they started this kick the can down the road stuff?
    15 Sep 2012, 07:58 PM Reply Like
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