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Another prominent bear throws in the towel, with Morgan Stanley's Adam Parker upping his...

Another prominent bear throws in the towel, with Morgan Stanley's Adam Parker upping his year-end S&P estimate to 1600 from 1434 previously. "The debate isn't whether consensus (earnings) estimates are too high ... the debate is, will anyone care." Previous: Richard Russell wants in, and Greenspan calls stocks significantly undervalued.
Comments (5)
  • Greenspan still doing "God's Work"....
    18 Mar 2013, 12:21 PM Reply Like
  • Right Mick, and Bernanke is doing the lord of the underworlds!
    This perversion is as putrid as it gets!
    When something finally knocks this spinning top off its axis, look out below!
    I have never seen a day where the markets trip the so called circuit breakers, but I think one day real soon, limit down and close the cesspool for the day!
    Lord have mercy!
    18 Mar 2013, 12:25 PM Reply Like
  • The S&P will earn about $101.50 this year. At the long term p/e of about 15.4 that gives us an index price of around 1563.10.


    So most of the gains for 2013 are currently priced in.
    18 Mar 2013, 12:31 PM Reply Like
  • Really into dark shadows? Ummm the circuit breaker was tripped in 29, 87, 2008 and a few other times. When it stops spinning it won't crash - it corrects. Do you know anything about economics? Sheesh.
    18 Mar 2013, 12:32 PM Reply Like
  • Excuse me David, I was talking about recent times.
    I do not remember any day in 2008 when the market was halted for even the 1/2 hour "time out", now if you are talking about something else...
    I am talking about the quarterly(reset to reflect the closing value of the index at the end of each quarter) reset circuit breakers that will actually shut the market down if it drops more than 20 % after 2 P.M. so I just want to make sure we are talking about the same thing sir.
    We will see massive market moves when Bernanke and his minions are finally exposed for the frauds they are!
    The low's of March 2009 will be retested at some point.
    Massive caution advised...
    18 Mar 2013, 03:18 PM Reply Like
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