(Bloomberg) -- Wall Street strategists, who redeemed themselves as equity prognosticators this year, are unanimous in expecting U.S. stocks to rise more next year after a nine-month rally. The CHART OF THE DAY compares the average estimate for the Standard & Poor’s 500 Index, as compiled from Bloomberg surveys, at the beginning of every year since 2005 with the benchmark’s year-end value.Yesterday’s S&P 500 close was 2.2 percent higher than the 1,078 average estimate at the start of this year. In 2008, when the index suffered its biggest full-year loss in seven decades, it trailed the comparable projection by 45 percent.
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