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发表于 2013-8-5 03:31 PM
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  but Lao Xie is not the only one calling S&P 2000
S&P 500 on the road to 2,000: Strategist
By Bruno J. Navarro | CNBC – 2 hours 55 minutes ago
Large amounts of money shifting from fixed-income investments into the stock market means that the bull market has a lot more upside, Piper Jaffray Senior Technical Analyst Craig Johnson said Monday.
Johnson, who raised his year-end S&P 500 (^GSPC) target to 1,850, said, "We think this is just another mile marker on the road to 2,000. And what we're seeing today is a lot of strong-looking stocks, a lot of strong-looking groups and, again, positive inflows into funds."
Johnson's top stock sectors were industrials (CME:Chicago Mercantile Exchange: .SPLRCI) and manufacturing, financials (CME:Chicago Mercantile Exchange: .SPSY) and consumer cyclicals, which would get the S&P 500 to 2,000 by the end of 2014. The worst sectors, he added, were energy (Exchange:.5SP10-XX), basic materials and utilities .
On CNBC's " Fast Money ," Johnson noted an outflow of $18.4 billion from PIMCO funds and cited Lipper data showing a move of more than $2 billion into equities "just last week."
(Read more: Retail investors most bearish in 7 months )
Yields on the 10-year Treasury bond, he added, would likely head to 3.4 percent over the next 18 to 24 months.
Johnson said he looked at similar moves in 1952 and 1982 for evidence of where interest rates would head.
"When we've seen these secular shifts occur in the bond market, we've seen a corresponding shift out of fixed income and back into equities, and we think that's going to propel this bull market to even higher levels than what we're seeing today," he said.
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发表于 2013-8-5 09:50 AM
