- Morgan Stanley's Adam Parker completes his turn from one of the Street's most bearish to its most bullish investment strategist with his S&P 500 2014 in 2014 target - an 11.5% advance from here. "The only thing people are worried about is that no one is worried about anything," he says ... "That isn't a real worry."
- He's not discounting the chance of a "Pavlovian" sell-off amid taper banter, but says any spring dip as the taper commences will be a buying opportunity "unless our outlook for corporate earnings markedly deteriorates.”
- "It isn’t preposterous to say that we could be in an environment of synchronous global economic expansion in 2014, and tapering or not, that isn’t fully in today’s prices.”
- S&P 500 ETFs: SPY, SH, SSO, SDS, IVV, SPXU, UPRO, VOO, RSP, RWL, EPS, BXUB, TRND, SFLA, BXUC, BXDB, IVE, SPYV, RPV, VOOV, FTA, IVW, SPYG, RPG, VOOG
Morgan's Parker unveils S&P 500 target of 2014 in 2014
Dec 2 2013, 11:31 ET