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

|By:, SA News Editor

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.