Saturday, February 28, 2015

Extreme bull: S&P 500 to top 2,000 by spring

The S&P 500 could hit 2,000 sometime within the next six months and tapering by the Federal Reserve might not begin until March.

Those are a few of the predictions by a team of portfolio managers at asset management firm Neuberger Berman, which held a media briefing Wednesday on the company's outlook for 2014. The general sentiment: Things are looking good — really good — for investors in the New Year. Here's a few conclusions from today's event:

Stay bullish on U.S. investments. Eli Salzmann, a portfolio manager for U.S. large cap value strategies, said the firm has been bullish since June 2012, and he doesn't expect the stance to change anytime soon. He is expecting “mini-hyper growth” at the start of 2014. “I think the first half of next year will surprise everyone on the upside,” he said. “We're not in the beginning of the game. We're in the sixth or seventh inning, but we're going to go higher.”

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