Monday
Mar212011

Photo copyright loiclemeurBloomberg reports JPMorgan Chase & Co.'s Thomas Lee as saying that the recent tragic earthquake in Japan has pulled down the S&P 500 to "very bullish" levels. Moreover, Lee is predicting that the index will rise to 1,425 by the end of the year.

At the time of writing (21st of March, 2011) the S&P 500 was down to 1,279. Therefore the above prediction implies an 11% increase in the S&P 500 by the end of the year. This also works out at about 1.2% per-month. By comparison, between January and December of 2010 the S&P 500 rose from 1,100 to 1,250, or about 14%.

References:

Resources related to the Japan earthquake and recovery effort.

Bloomberg on Wikipedia

JPMorgan Chase & Co. on Wikipedia

Friday
Mar112011

This August 4th, 2010 article on thestockmasters.com delivers a clear message: "Intel Corp Shares Poised for Growth".



Thursday
Mar102011

The thrust of this article published by the Toronto Sun's Money column is that fears of RIM losing its financial and competitive edge in the market are overblown. When the article was written, in June 24th 2010, RIM was trading at around $53 and is now up to $68.

Wednesday
Mar092011

The S&P 500 is at about 1,300 these days and Investorplace.com has an article titled "Oil, S&P 500 Uptrend Indicates Bear Time, Trading above moving averages shows overbought market". The rest of the article is more careful about making any specific predictions, but the title is provocative and quite clear.



Tuesday
Mar082011

Bank in early August of 2009 The Wall Street Journal described the positive sentiment toward a market recovery. Indeed the articles opens with: "Stocks powered their way to two new milestones Monday amid a growing belief that the recession is over and better days lie ahead." When the article was written the S&P 500 was at around 990. Today the S&P 500 is at 1,300 (albiet with a dip in the interim). The article correctly predicted "better days", particularly since enough time has passed for anyone acting on that market information to profit.