https://www.reuters.com/article/us-bearstearns-sp500/sp-500-seen-to-hit-1700-by-end-of-2008-idUSN1135584720071011/
*S&P 500 seen to hit 1,700 by end of 2008. The new target implies total upside of 11 percent, based on an 8.7 percent annualized return and a 1.7 percent dividend yield for stocks that make up the S&P 500, Bear Stearns said.*
*The U.S. economy is entering a period of below-trend, non-recessionary growth, said chief investment strategist Jonathan Golub.*
*"However, global growth continues to be strong. Inflation and interest rates remain at relatively low levels. Corporate balance sheets are strong, and stock market valuations appear reasonable," Golub said.*
*The S&P 500 was at 1570.91, up 0.54 percent on Thursday.*
The S&P ended 2008 at 800 and didn't hit 1700 until the end of 2013. Be careful out there.
