O'Shaughnessy sees big upside, S&P 500 at 900

Yahoo Finance ^ | 3/5/2009 | Herbert Lash

[wyowolf]

NEW YORK (Reuters) - U.S. stocks are trading at compelling prices after their plunge to 12-year lows this week and could rally 25 percent by the end of the year, said Jim O'Shaughnessy, a well-known investor on Wall Street. U.S. stocks, as measured by the benchmark Standard & Poor's 500 Index (^SPX - News), are likely to return after inflation 7.3 percent per year from now through 2019, said O'Shaughnessy, author of the best seller, "What Works on Wall Street."

[wyowolf]

Official Sunshine Pumper Friday Thread...

[catfish1957]

I ‘d agree if we didn’t have a Marxist government right now. The boy in charge has a blank check, and is mortgaging the future of a number of future generations.

[Uncle Ike]

” said Jim O’Shaughnessy, a well-known investor on Wall Street. “

This is from somebody who *needs* his prophecy to be self-fulfilling to save his own bacon...

Pass him by, folks.....

[padre35]

Sucker rallies are dangerous things.

[CitizenUSA]

And the really cool thing about a 25% rise in value? Obama capital gains taxes and inflation from massive government spending will be there to eliminate the burden of that 25% gain from you!

[scooby321]

Never heard of him. Buffet and Nouriel Roubini who I have heard of beg to differ.

[jimbo123]

O’SHAUGHNESSY, JAMES P
STAMFORD, CT 06901
O’SHAUGHNESSY ASSET MANAGMENT CLINTON, HILLARY RODHAM (D)
Senate - NY
FRIENDS OF HILLARY $2,300
primary 08/28/08
O’Shaughnessy, James P
Stamford, CT 06901
O’Shaughnessy Asset Managment/Chair CLINTON, HILLARY RODHAM (D)
President
HILLARY CLINTON FOR PRESIDENT $2,300
primary 12/07/07
O’Shaughnessy, James P
Stamford, CT 06901
O’Shaughnessy Asset Managment/Chair CLINTON, HILLARY RODHAM (D)
President
HILLARY CLINTON FOR PRESIDENT $2,300
general 12/07/07

[wyowolf]

This is supposed to be a HAPPY thread :) its all going to be ok...:)

[RU88]

I’d like to have some of whatever he’s smoking. And if by some miracle this does happen all I can say is even a blind squirrel finds a nut now and then.

[wyowolf]

Well does that mean his prediction is inaccurate? I am just saying...

[Old Retired Army Guy]

900?? That’s his big upside. We were at 900 a couple of months ago. If that’s the big upside, it isn’t very encouraging.

[hoosier hick]

Hard to imagine when you are taxing the crap out of small business owners. Small businesses create 97% of all new jobs, and generate 70% of GDP (figures from Fox News ticker yesterday). Even if lower deductions, higher tax rates, and steeply higher utility costs do not hit for 2 years, do you think anyone is going to wait to cut expenses? The future for all businesses is so uncertain that job openings will not be filled, expansions will not be built, and so forth. We are no where near the bottom, yet.

hh