Tom Lee Gets it Right For Once -- With a Little Help From His Friends
December 21, 2012 - 10:18pm
There is a story circulating on the business tabloid for tots that is touting Tom Lee's incredible accuracy as it relates to his 2012 S&P call. Lee called 2012 to end at 1,430 and it just so happens that today closed at 1,430. Before you reallocate your portfolio to what he recommends, here is a little context. First, in 2011, Lee called the S&P to end up at 1,475. It closed at 1,257 (said otherwise, 17% off from his projection). Strangely we didn't see any headlines saying he was making doubters of his commentary look stupid at that point. With a little help from his friends... As we all know, the market this entire year has been kept afloat by either the promise of more central bank action, or the deed. Either way, that is not a reason to celebrate someone who had the guts to... LOWER his S&P target from his original 2012 beginning point. Here is the S&P thi...
Continue reading this article »
Share This Article: