For the "bulls": Battipaglia sees S&P 500 rising to 1,050 to 1,200 ($SPX) (has he ever been right?)
By Tomi Kilgore
Joseph Battipaglia, chief investment officer at Ryan Beck, said he sees the S&P 500 Index ($SPX) rising to 1,050 to 1,200, based on projected earnings and valuations using estimated 10-year Treasury yields ($TNX) and inflation rates. That would represent gains of 13 to 29 percent above current levels (up 22.64 at 931.23). He estimates that S&P 500 earnings will be $50 to $51 a share in 2003, that inflation will be 1 to 2 percent and that Treasury yields will be 4.75 to 5.25 percent.
NOW, add that to Abbys call a few days ago......bears should be ok!
Who here wants to comfort the parents of the soldiers below?
4005 brave American soldiers killed..sent to their death by a cowardly president called bush and the opposition that enabled it.