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Stocks are poised for a 20% year-end rally, JPMorgan's Tom Lee says, helped by a trough in the...

Stocks are poised for a 20% year-end rally, JPMorgan's Tom Lee says, helped by a trough in the trend of economic data, continued improvement out of Europe and China, and lower crude and commodity prices. REITs and hotels dominate Lee's "elite 21" list of stock picks, including OEH, HOT, MAR, WYN, H, SLG, BXP and LXP.
Comments (1)
  • He could be right but he has been making the same argument every time he is on TV regardless of the level of the S&P.

     

    I think it was a lot more convincing when the S&P was a 150 points higher early in the year.

     

    Interesting contrast to Morgan Stanley's call from last week.

     

    Having watched this guy speak before, I am amazed how unconvincing he sounds for such a pumper. They need a better salesman.
    17 Oct 2011, 11:53 AM Reply Like
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