2013 Forecasts: Do These 10 Analysts Know Something We Don't?

Barron’s have just come out with the forecasts of 10 top analysts and ALL their forecasts are positive. There is not a single forecaster who expects the S&P 500 to fall in 2013 and there is only one forecaster who expects the 10 year bond yield to fall from its current level of 1.7% and he only sees a 10 bps decline to 1.6%. [Look at the average forecasts for each item at the end of the post.] Words: 230

So writes Cullen Roche (http://pragcap.com/) in edited excerpts from his original post* entitled Barron’s’ 2013 Outlook – No Negative Forecasts..

Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!), may have further edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) the article below for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Roche goes on to say:

Here’s the round-up:

1. Stephen Auth, Federated Investors

2. Barry Knapp, Barclays

3. Jeffrey Knight, Putnam

• S&P Year-end Target: 1490
• 2013 GDP Growth: 2.25%
• 2013 10 Year US Treasury Yield: 2.2%

4. Russ Koesterich, BlackRock

• S&P Year-end Target: 1545
• 2013 GDP Growth: 2%
• 2013 10 Year US Treasury Yield: 2.25%

5. David Kostin, Goldman Sachs

• S&P Year-end Target: 1575
• 2013 GDP Growth: 1.8%
• 2013 10 Year US Treasury Yield: 2.2%

6. Thomas Lee, JP Morgan

• S&P Year-end Target: 1580
• 2013 GDP Growth: 2%
• 2013 10 Year US Treasury Yield: 2%

7. Tobias Levkovich

• S&P Year-end Target: 1650
• 2013 GDP Growth: 1.6%
• 2013 10 Year US Treasury Yield: 2.5%

8. Adam Parker, Morgan Stanley

• S&P Year-end Target: 1434
• 2013 GDP Growth: 1.4%
• 2013 10 Year US Treasury Yield: 2.24%

9. John Praveen, Prudential

• S&P Year-end Target: 1600
• 2013 GDP Growth: 2.5%
• 2013 10 Year US Treasury Yield: 2.3%

10. Savita Subramanian, BAC/Merrill Lynch

• S&P Year-end Target: 1600
• 2013 GDP Growth: 1.5%
• 2013 10 Year US Treasury Yield: 2%

[Average

• S&P Year-end Target: 1566
• 2013 GDP Growth: 1.86%
• 2013 10 Year US Treasury Yield: 2.13%]

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*http://pragcap.com/barrons-2013-outlook-no-negative-forecasts

Related Article:

1. Goldman Sachs’ Thoughts, Outlooks, Strategies & Picks for 2013

Goldman Sachs has been out with a number of reports in recent weeks highlighting their positioning for 2013. While it’s important to keep in mind that these kinds of reports are no holy grail… it is always good for brain storming and, after all, it’s not like Goldman Sachs is a bunch of dummies.