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The S&P 500 will hit 1,400 within the next couple of months, asserts Federated's Phil...

The S&P 500 will hit 1,400 within the next couple of months, asserts Federated's Phil Orlando. So don't bother with Treasurys, get out of defensive stocks and move into sectors that are positioned to benefit from the resumption of economic growth we appear to be seeing now. Kanaly Trust's James Shelton agrees; his top picks include: iShares Russell 1000 Growth (IWF), JPMorgan Alerian MLP Index (AMJ) and the SPDR Gold Trust (GLD). (video)
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Comments (10)
  • wyostocks
    , contributor
    Comments (9013) | Send Message
     
    I doubt it but, from his mouth to God's ears.
    28 Oct 2011, 07:56 PM Reply Like
  • Chris Bersaw
    , contributor
    Comments (611) | Send Message
     
    If there ever was a great time to sell...
    28 Oct 2011, 08:27 PM Reply Like
  • Native Texan
    , contributor
    Comments (-724) | Send Message
     
    As pathetic and shameful as it may seem, he may be right. Conversely, we're likely to see 1195 or even 1060 first, after we hit 1325.
    28 Oct 2011, 09:42 PM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    sell-side permabull Phil Orlando.... last seen blabbering about that "transitory soft patch" on CNBC in July when we were at 1340-1350
    28 Oct 2011, 09:52 PM Reply Like
  • golfitobob
    , contributor
    Comments (2347) | Send Message
     
    Right, Bear rally an big trap. I chose to read the next flash and here is what my 50 years of watching sees ! luck to all, gb

     

    http://seekingalpha.co...
    29 Oct 2011, 06:25 AM Reply Like
  • golfitobob
    , contributor
    Comments (2347) | Send Message
     
    http://bit.ly/uj6Qzn

     

    Watch this clip. It gives a clear view of the current economy an compares numbers to historic ones. See if you can find flaws in the calculations.

     

    Please help me. Tear it apart.................... gb
    29 Oct 2011, 06:37 AM Reply Like
  • tjohn1
    , contributor
    Comments (152) | Send Message
     
    If future economic growth is that great, don't you see improvement already in the job picture? I believe these two bulls are wrong. Hard times will continue for the ordinary guy. For rich folks like these two, future could be bright only because the Fed is in no mood to stop printing money.
    29 Oct 2011, 07:15 AM Reply Like
  • Native Texan
    , contributor
    Comments (-724) | Send Message
     
    tjohn1, it's not that economic growth is that great, it's that the need for Funds to show profits and rally on fumes is that great.
    29 Oct 2011, 10:54 AM Reply Like
  • megaballs
    , contributor
    Comments (45) | Send Message
     
    I love hearing bears when I m long. Just say point and figure breakouts on big volume abound in a 13 P-E world and a risk-less 2.3% TNX yield. Nov-april is seasonally strong,no?
    29 Oct 2011, 11:53 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Risk reward favors the short side currently, at least into the T-day. Then flat to up from there. This EU mess is far from over. Holidays will help the bulls however.
    30 Oct 2011, 06:44 PM Reply Like
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