Saturday, September 12, 2009

Back from beach, stock pickers see a cooler rise into 2010

(MarketWatch) -- Stock strategists, who left for summer vacations musing over the market's double-digit rebound, have returned with buffed-up forecasts that project an extended -- though cooler -- run for stocks. In their seasonal airing out of forecasts, investment strategists have spent the last few weeks tweaking projections for this year and taking a stab at next year's.

Most expect the S&P 500 ($SPX) to keep rising, with several anticipating the benchmark will end the year around 1,050 -- less than a 1% rise from current levels. The index of large-capitalization U.S. stocks has more to go in 2010, strategists say, but will also rise at a far slower pace than it marked this year.

http://www.marketwatch.com/m/Story/c1f01fb0-0a21-423e-a2cb-ebe148139168

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