January 1, 2001 Barron's Table
Experts Look Ahead
Marshall Acuff Salomon Smith Barney Mid-Year Yearend Dow: 11,500 11,800 S&P 500: 1400 1500 S&P 500 profit growth: 6% 10-yr T-bond yield: 5.50%
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Jeffrey Applegate Lehman Brothers
Mid-Year Yearend Dow: 12,500 13,000 S&P 500: 1500 1675 S&P 500 profit growth: 7% 10-yr T-bond yield: 4.75%
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Richard Bernstein Merrill Lynch
Mid-Year Yearend Dow: N.A. 11,000 S&P 500: N.A. 1365 S&P 500 profit growth: 0-5% 10-yr T-bond yield: 4.75-4.90%
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Douglas Cliggott J.P. Morgan
Mid-Year Yearend Dow: 10,000 11,000 S&P 500: 1300 1400 S&P 500 profit growth: 0% 10-yr T-bond yield: 5.50%
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Abby Joseph Cohen Goldman Sachs
Mid-Year Yearend Dow: N.A. 13,000 S&P 500: N.A. 1650 S&P 500 profit growth: 7-8% 10-yr T-bond yield: 5.50%
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Stuart Freeman A.G. Edwards
Mid-Year Yearend Dow: 11,200 12,500 S&P 500: 1550 1700 S&P 500 profit growth: 8% 10-yr T-bond yield: 5.25%
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Thomas Galvin Credit Suisse First Boston
Mid-Year Yearend Dow: 11,500 12,650 S&P 500: 1525 1600 S&P 500 profit growth: 9% 10-yr T-bond yield: 5%
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Edward Kerschner UBS Warburg
Mid-Year Yearend Dow: N.A. 13,900 S&P 500: N.A. 1715 S&P 500 profit growth: 0-5% 10-yr T-bond yield: 4.75-5.00 %
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Elizabeth Mackay Bear Stearns
Mid-Year Yearend Dow: 12,000 13,200 S&P 500: 1500 1650 S&P 500 profit growth: 7% 10-yr T-bond yield: 5.60 %
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Thomas McManus Banc of America Securities
Mid-Year Yearend Dow: 9,500 11,500 S&P 500: 1250 1525 S&P 500 profit growth: 4.50 % 10-yr T-bond yield: 5.35%
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Greg Smith Prudential Securities
Mid-Year Yearend Dow: N.A. 12,000 S&P 500: N.A. 1450 S&P 500 profit growth: 6% 10-yr T-bond yield: 5.50%
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Byron Wien Morgan Stanley Dean Witter
Mid-Year Yearend Dow: 11,500 12,000 S&P 500: 1425 1500 S&P 500 profit growth: 10% 10-yr T-bond yield: 5.50%
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