The S&P 500 has likely hit its lows for the current crisis and is set for an "extremely good rally" of at least 25 percent, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC.
"If we only go back up to the falling long-term trend line it will be at least (a) 25 percent (increase) and it's got the stoke to be rather more than that. I'm afraid it's only a bear market rally, but it's going to be a very good bear-market rally from extremely oversold levels," he said. The reversal could happen extremely quickly, due to the oversold conditions, Griffiths added.
http://www.cnbc.com/id/27451457
The S&P 500 is setting itself up for a 50% rally and the index is "over the worst," Chris Locke from Oystertrade.com Management told CNBC Wednesday.
http://www.cnbc.com/id/15840232?video=909591303&play=1
We estimate another $91 billion worth of assets to be (possibly) written down within the next six to eight months. So we are very quickly approaching the end of the writedowns and all of these writedowns have already been priced into the market, Ralph Silva from TowerGroup said.
http://www.cnbc.com/id/15840232/?video=925972292&play=1
The S&P 500 index may move toward 1,100 and maybe higher by the end of the year, according to Christopher Locke from Oystertrade.com. Locke expects gold to possibly fall further in the near term, but rise back to the $850 level by year end.
http://www.cnbc.com/id/15840232/?video=920820498&play=1
Morgan Stanley's European research team issued a call to invest in stocks in its latest strategy piece, as quantitative models measuring valuation, risk, fundamentals and capitulation are now all flashing "buy" signals, Ronan Carr from Morgan Stanley told CNBC.
http://www.cnbc.com/id/27592446
We can expect a rise in the S&P 500 index this week, predicted Robin Griffiths from Cazenove Captial, adding that a breaking of the October low is unlikely. He also takes a look at the FTSE and Sensex charts.
http://www.cnbc.com/id/15840232?video=924135471&play=1
There is a 60% to 70% chance that we might see a massive rally from this point, believes Clem Chambers, CEO of ADVFN. He tells CNBC's Stephen Sedgwick & Maura Fogarty why he have turned bullish despite the recent spate of grim economic data.
http://www.cnbc.com/id/15840232/?video=924117133&play=1
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