Strategists See 17% S&P 500 Rise After Saying ‘Buy’
Jan. 5 (Bloomberg) -- The same Wall Street strategists who
told investors to buy stocks in the
since 1937 are
even more bullish than a year ago, predicting the Standard &
Poor’s 500 Index will rise 17 percent.
UBS AG, JPMorgan Chase & Co. and Deutsche Bank AG say the
Federal Reserve’s decision to cut interest rates to as low as
zero percent will help revive the U.S. economy and drive
investors back to equities. Cheaper fuel prices and more Read the rest of this entry »