Saturday, August 6, 2011

Stocks will rally?

Wall Street has never been more sure that stocks will rally in 2011, even as lower-than-estimated data on manufacturing and service industries fueled concern that the nation will slip back into a recession. Chief strategists at 13 banks from Barclays Plc to UBS AG see the S&P 500 surging 17 percent through Dec. 31, according to the average estimate in a Bloomberg survey. Their projection that the index will reach 1,401 hasn’t budged in four weeks.

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