Technical Analysis Free Video Ebook Sign Up



International Stock Trading Sign Up

SMF Services

SMF Blogs > Technical Analysis > March 2009
Barclays lowers their S&P 500 forecast to 760

 

Sign up today for our FREE SMF Economic Club Newsletter -- and get fresh ideas, proven tips of the trade, and insider information sent directly to your inbox.  Most importantly, our traders know the market. Get immediate insight and professional stock market commentary.
 

 


Barclays says their new base case is for the S&P 500 to fall to their original stress case scenario of 640. Firm say their new best case scenario is that it holds near current levels, and new worst case is that it falls to 585, an outcome consistent with -1 standard deviations below valuation norms.

The firm says they assigned equal weightings to the various outcomes, given their lack of conviction that the conditions are in place for the bear market to end in the near term, while acknowledging that the market has overshot their base case.

The probability weighted average of these three scenarios gives a new year-end price target of 760. Firm says their initial price target of 875 was probably too high.


 

Prepare yourself for the "New Economy"


 
Posted: 3/9/2009 12:27:20 PM by StockMarketFunding | with 0 comments


My favorite websites

Recent posts

Greek slump threatens debt plan, EU aid elusive
Trading Apple (AAPL) Earnings with Options‎
Health Care Reform - Banking System vs Obama - Major Stock Market Selloff
Health Care Reform - Banking System vs Obama - Major Stock Market Selloff
GOOG Google: YouTube adds rentals; positive for Google, but not a risk for Netflix

Syndication

Post archive

June 2009(1)
March 2009(1)
December 2008(2)
October 2008(10)
September 2008(9)
August 2008(3)