Longest S&P 500 Rally Ever? That's Wall Street’s Forecast
- Strategists expect index to hit 2,800 by the end of next year
- Bull market is nine months shy of surpassing the one in 1990s
Chadha Says Earnings Are Driving Rally
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As Wall Street equity forecasters discharge their annual duty of predicting another up year for the S&P 500 Index, it’s worth taking a moment to notice what would be accomplished should that projection come true.
At 2,800, the average estimate of nine strategists tracked by Bloomberg points not only to another year of all-time highs, but also an extension of a bull market that would make it the longest ever recorded. Born in the depths of the financial crisis, the advance that started in March 2009 is nine months away from surpassing the 1990-2000 run from the dot-com era.