Since we are talking about 2005 here are some of Wall Streets predictions for last year and the coming year....
Here are the results:
How did Wall St. predict 2005 Firm Prediction % chg.
S&P 500 actual 1,248.29 3.00%
Smith Barney 1,300.00 7.27%
Lehman Brothers 1,300.00 7.27%
Standard & Poor’s 1,300.00 7.27%
Morgan Stanley 1,250.00 3.14% (BEST)
UBS 1,200.00 -0.98%
Bear Stearns 1,150.00 -5.11%
Wall Street is mostly optimistic for 2006...
The cynics might argue, So what else is new? Be that as it may, CNBC's Melissa Lee asked a number of big Wall Street firms to offer their estimates on where the S&P 500 would close in 2006. Here are their predictions.
Wall St. S&P 500 projections for '06 S&P 500 % chng. from '05
Smith Barney 1,400 12.15%
Lehman Brothers 1,400 12.15%
Standard & Poor’s 1,360 8.95%
Morgan Stanley 1,400 12.15%
UBS 1,250 0.14%
Goldman Sachs 1,400 12.15%
Merrill Lynch 1,225 -1.87%
If you want to read this article....
http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/051230markets.aspx
We don't need to give predictions yet just listen and follow the trends... The market will tell us what to do soon, rather than deciding in advance what the market must do. However, you make the most money trading/moving correctly, but no one knows for sure.... Will the market be up tomorrow? I say yes! I'm I willing to bet on it NO!!!! I made less than 10 moves in my TSP account last year, that includes in and out of stock funds... It should be less this year! But for those that enjoy trading/moving frequently I hope you make a bunch of money in 2006... It should be good for trading I expect a wild ride... I do trade ETF's but not with my TSP account... I try to invest.... I'm a conservative investor, but I'm in my 50's... I have been in the stock market since the early 80's, getting close to critical mass so I keep a balanced portfolio.... For those that are 100% stocks , GO GO Birchtree!!!!!