Excerpt from Business Insider quoting DataTrek Research:
…. “The S&P 500’s recent rally from its March 23 low is closely tracking the bottom and subsequent rally that the S&P 500 experienced back in 2009 amid the financial crisis, according to an analysis by DataTrek.
If the S&P 500 continues to closely track the index’s movements made in 2009, investors should expect the S&P 500 to cruise 14% from current levels to all-time highs by the end of the year.
“The rest of 2009 was still good, with a 17% rally from late July through year end. If history repeats itself that would put the S&P at 3,588 on December 31st,” DataTrek said”….
Read the full article here on Business Insider.