Doug Kass: 15 Surprises For 2013
From Streettalk Off The Street
January 10, 2013 - 10:09am
THE STREET.COM / REAL MONEY
January 9, 2013
By: Doug Kass
[Note: This is an excerpt from the original article ]
What Is the Consensus for 2013?
As we enter 2013, investors and strategists are again grouped in a narrow consensus on economic growth (+2% real GDP), bond yields (higher) and year-end 2013 closing stock market price targets (on average at about 1575, a gain of 10%).
On the latter issue of stock prices, strategists are unusually tight in their year-end S&P 500 forecasts, with Bank of America, Bank of Montreal, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, KKR, JPMorgan and Oppenheimer all in the range between 1550 and 1615, representing, on average, about a 10% gain for the full year. BTIG and Barclays are at 1525. Only UBS (1425) and Morgan Stanley (1434) stand out from the crowd.
Again, let's use Goldman Sachs' principal views of expected economic growth, co...
January 10, 2013 - 10:09am
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