It’s been said the only bubbles that Wall Street sees are the bubbles in its champagne glasses.
It appears those words are true because year-end targets for the S&P 500 (SNP:^GSPC) by Wall Street’s finest – are shall we dare say – quite bubbly:
- Bank of America 2,200
- Goldman Sachs 2,100
- Morgan Stanley 2,275
- JPMorgan 2,250
- Stifel 2,350
- Canaccord 2,340
- RBC 2,325
- Birinyi 2,300
- UBS 2,225
The chart below shows how the S&P 500 (NYSEARCA:VOO) actually trades near 1,920 –
…
