Saturday, March 22, 2014

CONTRARIAN INDICATORS

Sentiment should come to mind. As market jitters about a looming correction crank ever higher along with the Dow, here are some to consider, according to a recent Barron's piece.

But buy recommendations from analysts for U.S. Stocks compared to those for the remaining global markets are pushing 10-year highs. And roughly 85% of economists look for U.S. growth to weigh in around 2.5% to 3.2% this year. 

And again, per Barron's, 21 of 21 strategists ( Yes, that's 100 %!  Will someone please definitively define that term?) look for the S&P 500 to close 2014 at 1850. Low hurdles and even lower hanging fruit are Wall Street products--picked, packaged and pushed.

No comments: