"16 Of Wall Street's Sharpest Minds Predict Where Stocks Are Headed In 2012"
Get this: with all the huge uncertainties hanging over the stock market--Europe, Iran's nukes, the U.S. fiscal situation both federal and state, China's possible slowdown, just to name a few--the mean forecast S&P close for 2012 is 1367 and the range is from just 1238 to 1500.
The herd mentality at work.
For what it is worth, here is my own prediction (don't laugh I have made pretty good money in the last four years on my portfolio).
The market will indeed go up till about mid year, Then, when it is finally obvious that neither Congress, The EU, nor China is going to do anything to fix their horrible debt problems then there will be another crash. I expect a big one possibly as big as 2008.
Posted by: kyle8 | December 30, 2011 at 04:24 PM