JPM's Tom Lee, head of US equity strategy, forecasts the S&P500 at 1425 by YE 2011.

Market news

13 December 2010

JPM's Tom Lee, head of US equity strategy, forecasts the S&P500 at 1425 by YE 2011.

He forecasts 2010 EPS at $85.50, 2011 at $94.45 (+10% vs '10) and 2012 at $102.00 (+8% vs '11). The YE 2011 S&P forecast is based on the market trading at 14x his 2012 earnings estimate at that time."

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Dow +39.85 at 11450.17, Nasdaq +6.27 at 2643.81, S&P +4.94 at 1245.34

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