2011 Predictions: Goldman Looking for 25% From Stocks
David Moenning submits: As a turbulent 2010 year comes to a close, many are wondering what’s in store for the economy in 2011. While countless predictions are scattered throughout the market media, Goldman Sachs (GS) recently released its forecast for the U.S. economy in 2011. Given the company’s generally correct forecasts and savvy reputation, we thought we’d share with you what the investment giant predicts for next year. In short, Goldman Sachs is bullish on the economy in 2011. In terms of the stock market, the company expects the S&P 500 to gain roughly 25% to 1450 by the year’s end, citing strong corporate profits, easy monetary policies, and an improving U.S. economy as the primary drivers.Complete Story »
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