The December 8, 2011 Livingston Survey (pdf) contains, among its various forecasts, a S&P500 forecast. It shows the following price forecast for the dates shown:
Dec. 30, 2011 1267.7
June 29, 2012 1322.5
Dec. 31, 2012 1395
Dec. 31, 2013 1480
These figures represent the median value across the 35 forecasters on the survey’s panel.
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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The Special Note summarizes my overall thoughts about our economic situation