Here are analyst forecasts for 2008
*The most bullish '08 forecast comes from Jason Trennert of Strategas Research Partners. His thesis: We won't get a recession. Therefore, any weakness in profit growth will be offset by a swelling of P-E ratios. The bottom line: With the Fed lowering rates, investors will be willing to pay more for every $1 of corporate earnings.His prediction:****1680***
*The most conservative forecast comes from Abhijit Chakrabortti of Morgan Stanley. His thesis: Profit growth estimates are way too high. Pesky inflation pressures will make it tougher for the Fed to lower rates aggressively. Add to that negative news on the global growth story. The bottom line: Stock drivers stall out. His prediction:****1520***
*The in-betweens*
***1675*** *is the prediction from Abby Joseph Cohen, Goldman Sachs; and Tobias Levkovich, Citigroup*
***1625*** *is the prediction of Tom McManus, Banc of America Securities*
***1590*** *is the prediction from Thomas Lee, JPMorgan Chase; and Hugh Johnson,* Johnson Illington Advisors
***1580*** *is the prediction from Rod Smith, Wachovia Securities*
***1575*** *is the prediction from Stuart Freeman, A.G. Edwards*
The S&P closed 2008 at 800.
[https://abcnews.go.com/Business/story?id=4073939&page=1](https://abcnews.go.com/Business/story?id=4073939&page=1)
