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This week is the start of a year-end rally that should take the S&P to at least 1,350,...

This week is the start of a year-end rally that should take the S&P to at least 1,350, JPMorgan's Thomas J. Lee believes. He recommends a "cyclical cocktail" of stocks, including financials such as BAC and MA, casinos like WYNN and LVS, and a bunch of others. UBS' Jonathan Golub thinks it's better to wait, anticipating better entry points in 2012.
Comments (8)
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    This fool has been touting the markets forever. Listen to him at your own peril!
    1350?
    Dude, I want some of whatever your smokin'!
    1350 is pie in the sky buffalo chips! If we get anywhere near 1350 in the next few weeks, we are going to regret it!

     

    Bernanke and the central bankers world wide would have to all be targeting the U.S. dollar(to bring it down) for Tom's asinine call to play out!
    If we get the dollar going back to its summertime lows, what will that do for the price of oil and gasoline?
    Don't forget food prices Tom!
    We poor working slobs have to live with the consequences of a-holes like Bernanke and you and your standard of living killing ideas!
    There is no way the fragile consumer could withstand anymore intervention by the fed!

     

    Thank God Tom Couburn is out today telling the fed don't think of messing around with the three card Monty of I.M.F. to E.C.B and then back to bail out the E.U.!!!

     

    God help all the working poor in this once great country!
    Hey Tom Lee, why don't you catch a ride with Tim Geithner over to the European dead zone and STAY THERE!
    Jerry
    2 Dec 2011, 05:04 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Perfect, Hopefully in the next 2 weeks, big funds are still looking to get out, but they're not that lucky.

     

    No shorts, and all the longs want is out, first chance they get. We have a year end rally every week, and every week more and more flee this bastardized excuse for a "market".

     

    Can't wait until next year! The only player in the market will be Ben! So he can do whatever he likes, since no one will really give two shits by then anyway.
    2 Dec 2011, 05:07 PM Reply Like
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
     
    1350 by the end of the year? 1000 points in 3 weeks?

     

    Sure if they announce QE3, China speeds back up and Europe fixes all of its problems on Dec 9, then sure, 1350 is possible.

     

    No QE3, China continues to slow down and Europe does nothing on Dec 9, then sure 1150.

     

    Then we can enjoy the new year with $120 oil and $2000 gold.
    2 Dec 2011, 05:08 PM Reply Like
  • mogando
    , contributor
    Comments (313) | Send Message
     
    you mean a 100 points on SP500

     

    that's really 8%, which is nothing when you spread over 3 weeks
    2 Dec 2011, 05:39 PM Reply Like
  • Bo Peng
    , contributor
    Comments (475) | Send Message
     
    Amazing. Guy still gets paid for applying historical seasonal return patterns.
    2 Dec 2011, 05:08 PM Reply Like
  • Native Texan
    , contributor
    Comments (-724) | Send Message
     
    No thanks, I won't participate in the yearend ramp job just to help the Banksters make their #'s, only for them to sell it off come Q1 2012.

     

    Day trading for me only.
    2 Dec 2011, 05:09 PM Reply Like
  • Machiavelli999
    , contributor
    Comments (829) | Send Message
     
    He can totally be right if the ECB & the Fed go all in on more easing.
    2 Dec 2011, 06:27 PM Reply Like
  • Voice of common sense
    , contributor
    Comments (119) | Send Message
     
    Typical financial mafia bs and hype hoping for a better bonus.
    3 Dec 2011, 03:17 PM Reply Like
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