Goldman Sachs (GS) expects the S&P 500 to rally to 1300 and Greece won`t prevent the rally to keep on going:
"Goldman Sachs isn’t backing down from their very bullish call of S&P 1,300 by mid-year. Their analysts say the Greek debt woes are unlikely to halt the strong global recovery. Specifically, they highlight the continuing low valuations, stronger than expected earnings, robust recovery and positive money flows. Last week’s strong labor report and robust ISM readings were unjustly ignored in their opinion. They expect the robust earnings recovery to continue into the back half of 2010 and still find the market attractive based on valuations"
in The Pragmatic Capitalist
Related Tickers: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS) and Goldman Sachs Group, Inc. (Public, NYSE:GS)
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