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STOVALL SEES HIGH SINGLE DIGIT EQUITY RETURNS IN 2010

25 November 2009 by Cullen Roche 1 Comment

Sam Stovall, chief investment strategist at Standard & Poors, talks with Bloomberg’s Ken Prewitt and guest co-host Richard Yamarone about market gains, investment strategy and stock picks.

stovall

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Comments
  • Rob

    http://dshort.com/charts/bears/four-bears-large.gif

    Back in June I took a look at DShort’s chart of the four bad bears and wrote to Doug that I bet we follow the red line until it intersects with the green line. Then we are at a crossroads. Either we more or less follow the red line (recovery on track with some hicupps scenario) or we track closer to the green line (double dip scenario). We are now just about at that crossroads.

    The red line seems to be what an awful lot of people are expecting. Choppy waters but ending higher. Almost no one believes that the green line is a possible path, especially at this juncture.

    Back in 2007, I figured that the market would drop about 50% to maybe 780, but I thought that it would take much longer than 18 months to get there. I was shocked by how fast the market crashed in 2008 and early 2009. I have been equally surprised at how quickly the market has recovered.

    It seems to me that the S&P 500 could travel to anywhere between 800 and 1,300 during the coming year. The 1,050 level seems to be about the mid-point. The is about where the red line and green line diverge.

    None of this has any predictive value on where the market is going, but it is an interesting coincidence.

    11/25/2009 at 4:58 PM