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Pronouncing itself "unapologetically bullish," Merrill Lynch has a 1600 target on the S&P...

Pronouncing itself "unapologetically bullish," Merrill Lynch has a 1600 target on the S&P 500 next year. The key will be a strengthening economy once the U.S. gets past the cliff worries. Combine better growth with a still-easy Fed, and you'll also get $2k gold, says Merrill's commodity team.
Comments (15)
  • 1234gel
    , contributor
    Comments (1402) | Send Message
     
    1600 ..... it all depends !
    12 Dec 2012, 04:03 PM Reply Like
  • bbro
    , contributor
    Comments (9372) | Send Message
     
    Sounds like the financial advisors at Merrill have something to sell to everybody.....
    12 Dec 2012, 04:04 PM Reply Like
  • Ron Jaenisch
    , contributor
    Comments (29) | Send Message
     
    Prechter wrote in his first book at the pivot #2 it feels like new highs and fails. Is this a pivot #2 in ewave terms?

     

    Even Cnn has it as a possible top.
    http://bit.ly/UD0eGQ

     

    What you see on the chart can also be seen in the Dow and IWM
    12 Dec 2012, 04:05 PM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    I'm calling my broker tomorrow a.m. - get me IN!

     

    On Deck: Joseph Abby Cohen with a 1650 target...
    12 Dec 2012, 04:05 PM Reply Like
  • Dennis J.
    , contributor
    Comments (23) | Send Message
     
    crazy
    12 Dec 2012, 04:28 PM Reply Like
  • Rousseau SC
    , contributor
    Comments (284) | Send Message
     
    I buy the gold guesswork. The S&P is possible, but there are so many ptifalls to worry about. I suppose J P Morgan got it right. You can make more money advising people about buyiing stocks than you can buying stocks.
    12 Dec 2012, 04:35 PM Reply Like
  • Philo Beddoe
    , contributor
    Comments (36) | Send Message
     
    Merrill Lynch says 1600 on the S&P. Maybe, however their crystal ball didn't work good enough for them to avoid going down the tubes. I'll take anything Merrill says with a grain ( or two ) of salt.
    12 Dec 2012, 04:35 PM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    I guess earnings mean nothing these days. These guys are addicted to hopium / The Fed. History will show 2013 will be 2008 ++++.
    12 Dec 2012, 06:24 PM Reply Like
  • anthonymaw
    , contributor
    Comments (29) | Send Message
     
    What are those ML guys smoking anyways? (Whatever it is, I want some) The S&P speculations are pure fantasy given the massive amount of Quantitative Easing (a.k.a. money printing) that would make Carl Sagan proud. Cut the QE program and then you will see the ugly truth of America's economy now that it has exported much of it's manufacturing capacity and jobs to Mexico and China under NAFTA and WTO. Yes, it is quite likely that the United States printed-out-of-nothing dollar will DEVALUE to 2000 or more per 31.10 grams of the precious yellow metal (that has been a trustede store of wealth for all civilized man throughout the history of mankind across all cultures throughout the world).
    12 Dec 2012, 07:21 PM Reply Like
  • seenu
    , contributor
    Comment (1) | Send Message
     
    wt may be the reason for fall in silver & gold yestrdy?
    i thought, because of addational of stimulas $ should come down & bullion will go up ,
    anybody tell me the reason & upcomming gold & silver trend.
    13 Dec 2012, 01:04 AM Reply Like
  • taxpro10
    , contributor
    Comment (1) | Send Message
     
    Many newsletter gurus are also expecting Gold to go up in the long term. Of course, they too make more money selling their newsletters than investing themselves. But look at gold over the last 200 years. There were years of now gains, but over the decades, gold has gone up. From 1800 to 1833 gold was at $19 per ounce. It bought a man's 3-piece suit, hat, belt, boots, tie and 3 dress shirts. Today, an ounce of gold still buys the same outfit. But what will $19 buy today? Not even the tie!!! I'll buy gold on any dip.
    13 Dec 2012, 01:45 AM Reply Like
  • bmowers
    , contributor
    Comment (1) | Send Message
     
    Pigs get fat / hogs get slaughtered! I remain fully invested waiting for this upside move. I will probably be missing a nice pull back buying opportunity by doing this but content to collect dividends in between. The best profits are always made in the very first stages of up moves.
    13 Dec 2012, 02:21 AM Reply Like
  • DAVIDBBUTLER
    , contributor
    Comments (5) | Send Message
     
    Ditto on Philo's take! Gold maybe, but 200 more on the S&P with European debt and bond issues is a reach! Merry Christmas to all but don't think Santa is coming down everyone's chimney!
    13 Dec 2012, 02:25 AM Reply Like
  • wbailey2000
    , contributor
    Comment (1) | Send Message
     
    Yes, ML ALWAYS gets it right! They were the first to warn everyone when the tech bubble was about to implode in 2000 (got out of that with a $100 million fine, if I recall), then, in the spring of 2008 they had to form a dummy corporation (a smaller one that is) to unload a boatful of worthless CMOs for pennies on the dollar...
    13 Dec 2012, 02:41 AM Reply Like
  • nicholas davout
    , contributor
    Comments (1598) | Send Message
     
    doesn't matter about a gov't band-aid on fiscal cliff; obongo will get his tax increases, no real cut in spending, coupled with increased obongocare costs to America, we go into recession & depression style unemployment in 2013; shift assets overseas as much as possible, country will stagnate for 2 to 5 more years.

     

    illiterate voters get what they voted for, endless recession.
    13 Dec 2012, 02:58 PM Reply Like
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