We've seen plenty of predictions for the direction of the economy through 2011, but what about the stock market? CNN and Money magazine put together a panel of 32 Wall Street experts, and asked them what investors can expect in the coming year. The answer: All 32 expect the market to rise.
The consensus was that we'd see an 11 percent gain in the S&P 500 in 2011. The least-optimistic forecast came from Wells Fargo strategist Gary Thayer, who sees the S&P rising by just 3 percent over the course of the year. The most optimistic came from David Kostin of Goldman Sachs, who sees stocks gaining a solid 15 percent on the year.
It's even easier to get excited about Kostin's prediction when you realize he predicted the S&P's growth in 2010 at 13 percent - which is exactly what the market ended up returning. For more predictions, see here.
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