Below are recent predictions regarding 2014’s stock market performance:
MacNeil Curry, Head of Global Technical Strategy at Bank of America Merrill Lynch, says investors should get ready for as much as a 20% correction in the markets this coming year.
Goldman Sachs equity strategists forecast the S&P 500 would reach 1900 by the end of 2014, an 8% increase from current levels. “However, we estimate a 67 percent probability of a 10 percent drawdown at some point in 2014,” Goldman analysts wrote.
Jeff Kleintop, LPL Financial’s chief market strategist, forecast a 10 to 15 percent gain in the S&P 500 for next year, based on his expectation that the economy will grow at 3 percent and earnings at 5 percent to 10 percent.
There are many different predictions and assumptions out there. Don’t bet your retirement on any one “opinion.” Stay diversified, stay disciplined, and stick to an investment plan that is based on your specific needs and objectives.