Goldman's David Kostin sticks to his 1250 year-end target for the S&P, saying those hoping...

|By:, SA News Editor

Goldman's David Kostin sticks to his 1250 year-end target for the S&P, saying those hoping for a quick resolution to the fiscal cliff are dreaming. With the capital gains tax set to rise 830 basis points to 23.8%, Kostin says the selling will continue in December if past experience with tax hikes of this size is any guide.