The following are the price target for S&P by all major Investment Banks issued at the beginning of the year. What is even more surprising is the fact that instead of downgrade for S&P given the corrections in the market, HSBC has upgraded their targets by over 5% to 1300.

We continue to maintain our target for S&P at the end of year to 1250-1300 mark. Nothing has changed except that a massive build up of shorts are now ready to be squeezed.

Vishal Damor
http://investingcontrarian.com/

Vishal Damor, works for an emerging market financial consulting firm and is the editor at INVESTING CONTRARIAN, a financial analysis and reporting site covering commodities, emerging markets and currencies.

© 2010 Copyright Vishal Damor - All Rights Reserved
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