Seeking Alpha

Morgan's Parker unveils S&P 500 target of 2014 in 2014

  • 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
Comments (4)
  • This guy must be using a dart board for predictions.
    2 Dec 2013, 12:31 PM Reply Like
  • And Morgan Stanley pays Adam Parker how much to make these brilliant prognostications?
    2 Dec 2013, 01:31 PM Reply Like
  • He's using the cover of next year's calendar: 2014.
    2 Dec 2013, 06:28 PM Reply Like
  • Easily said
    2 Dec 2013, 03:11 PM Reply Like
DJIA (DIA) S&P 500 (SPY)