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Friday, Dec 28, 2012 8:45 PM UTC

Predictions from market experts for 2013

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Topics: From the Wires,

What lies ahead for the stock market? The AP asked leading market analysts and investment managers where they see the Standard & Poor’s 500 index winding up by the end of 2013 and why.

GOLDMAN SACHS:

Year-end target for the S&P 500: 1,575

Reasoning: The “turbulent political environment” that held back investment 2012 will end. Company revenues will edge higher and earnings will rise.

BARCLAYS CAPITAL:

Year-end target for the S&P 500: 1,525

Reasoning: Capital spending will stabilize and the U.S. will benefit from improved manufacturing competitiveness and an energy boom.

BMO Private Bank

Year-end target for the S&P 500: 1,500

Reasoning: The fiscal drag from higher taxes and lower government spending will offset an accommodating Federal Reserve.

WELLS FARGO SECURITIES:

Year-end target for the S&P 500: 1,390

Reasoning: The U.S. economy flirts with recession, exports decline and investment falls.

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Gripping photos: The people of the Turkey protests (slideshow)

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  • The protests take on a festive element as police forces move out of the park and square. Wearing a gas mask, this young man dances to traditional Turkish music in front of Taksim Square’s Ataturk Monument.

  • In Gezi Park since March 31st, this protester, originally caught off-guard by the Government’s teargas and water cannons, went out and bought a Russian army mask from WWII, preparing for what was to come.

  • This rambunctious boy seems to be enjoying the chaos. After taking this picture he threw a stone at the already destroyed building in the background.

  • Forming a line, the police face off directly with protesters in Taksim Square. After a while, they retreated and there was a general cheer – a back-and-forth dance that has been common since the beginning of this protest.

  • An elderly woman in Gezi Park reads the news. The tent community occupying the park was violently destroyed on June 16th.

  • Many different groups had set up booths to promote their cause in Taksim Square and Gezi Park. Standing in front of one, this man waves his flag while posing with conviction.

  • Many home-remedies are used to minimize the effects of tear gas. This woman has put a milky solution on her face, removing her mask after the tear gas dissipated. Before sunrise, the police came again for another round of teargasing.

  • People capitalize on the uprising -- selling flags, beer, gas masks, sky lanterns and spray paint to name just a few of the popular items.

  • On Monday morning, June 11, the police execute a strong offensive. Many plain-clothed police officers, like the ones seen here, clash with protesters in the side streets away from the main stand-off in Taksim.

  • The authorities seem to be most aggressive in the night, pushing protesters away from the square and park. After being teargassed this young woman catches her breath with other protesters on Siraselviler Street.

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