Thomas Lee, chief U.S. equity strategist at JPMorgan Chase & Co., and David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc., talk about the outlook for U.S. stocks and their investment strategies. Lee is thinking about raising his S&P 500 year-end target above 1430 and Rosenberg is thinking a target toward 1200 is more likely.
One thought re: Rosenberg's argument that current GDP numbers don't support a higher market level --- check out this article about the relationship (or, really, lack of significant correlation) between current GDP growth and future equity market returns (http://www.fool.com/server/printarticle.aspx?file=/investing/general/2012/03/23/it-makes-no-difference-what-the-economy-does-.aspx).
