The top 15 equity analysts predictions for S&P 500 year end
The top strategists made their predictions for the 2013 year end S&P 500 in December based on corporate earnings, improving economic growth, low interest rates. The results show that the average estimate was 1534 on the S&P with the Highest number coming from the superbull Tobias Levtovitch from Citibank at 1615...Guess what..we are now at 1633 higher than any of them predicted. That says two things to me. Thee market is way overvalued becasue these startegists are always bullish and that I can not wait to see the excuses why they will raise their numbers by only to be whipsawed when market corrects.