As we entered the year, Goldman Sachs set out a target of 1,900 for the S&P 500 by the end of 2014. Thanks to the plethora of bad news (which, obviously, is great news) and the promise of more money printing if things get worse, with the mini-melt-up of the last few days (ahead of the ECB hope tomorrow and traders desire for a dismal print at Friday’s NFP), the S&P 500 is now within 10 points of Goldman’s year-end target (it seems 104.50 USDJPY will do it). The Dow is also about to go green year-to-date for the first time in 2014.
The S&P is within 10 points of Goldman’s year-end target (just 9 months early?)
Trannies are the best YTD but the Dow is about to go green for
Why?
via Zero Hedge http://ift.tt/1h2ODSA Tyler Durden