Outlook 2010

It is this time of the year again... Here is a summary of 2010 forecasts for the S&P500.

Targets for 2010 range from 1120 to 1350 with an average of 1239, up ca 10% from today's level.

As usual to be taken with a grain of salt though last year's bunch of strategists did okay with three of them pretty much on target.

Bloomberg has a similar summary here with the key data pasted below:

The following table presents estimates from strategists at
brokerages for where the S&P 500 will finish 2010 and the
implied percentage change from today’s close of 1,114.11.

Firm               Strategist              Estimate    %Change
Bank of America    David Bianco            1,275         14.4
Barclays           Barry Knapp             1,120          0.5
Citigroup          Tobias Levkovich        1,150          3.2
Credit Suisse      Andrew Garthwaite       1,125          1.0
Deutsche Bank      Binky Chadha            1,260         13.1
Goldman Sachs      David Kostin            1,250         12.2
JPMorgan           Thomas Lee              1,300         16.7
Oppenheimer        Brian Belski            1,300         16.7
RBC                Myles Zyblock           1,200          7.7
UBS                Thomas Doerflinger      1,250         12.2
AVERAGE                                    1,223          9.8

HAPPY NEW YEAR!