NEW YORK — S&P 1800. Do I hear 1900? Will ya give me 1950? 1955? Do I hear 2000? 2014! I got a calendar 2014 year-end target of 2014 for the S&P 500. Going once, going twice . . . .
‘Tis the season of predictions on Wall Street. Top stock-market strategists are again peering into their crystal balls to divine where the benchmark stock gauge will be trading at the end of 2014.
The good news: Bulls expect the Standard & Poor’s 500 stock index to keep rising next year. The upbeat outlook comes despite warnings from bears that some corners of the stock market are exhibiting signs of bubble-like behavior.
But the gains won’t come as fast and furious as they have in this record-setting year. The S&P 500 is up 25.4% in 2013, recently topped the 1800 level for the first time and has posted 36 record closes, the most since 1998.