After the S&P stocks gained some 12% so far this year, Wall Street strategists are predicting more gains next year, reports Barrons.
The 10 strategists recently surveyed by Barron’s see more gains ahead next year. Their mean S&P prediction for 2013 — 1562 — implies a 10% price gain from current levels.
If Republicans and Democrats don’t reach a deal before year end on taxes and spending, news about the progress of their talks could ratchet up market volatility in coming months. But at this point, the Street’s bulls are more bullish about the year ahead than they were a year ago, while the bears are relatively less bearish.
Read the whole story at Barron’s.