U.S. Stocks Rally to Highest Since 2007 Amid Fed Stimulus – Bloomberg 09-14-12

Salient to Investors:

Russ Koesterich at BlackRock said the rally was due to policy makers delivering a bit more than expected.

Bank of America expects U.S. stocks to hit a record in 2013.

Savita Subramanian at Bank of America is bullish longer term on sentiment and fundamentals, predicts S&P 500 at 1600 by year-end 2013 on record profit growth.

Tobias Levkovich at Citigroup and Brian Belski at Bank of Montreal expect record highs in 2013.  Laszlo Birinyi at Birinyi Associates expects the bull market to continue as bears capitulate and start buying.

On Sept. 24, Kraft will be replaced by UnitedHealth in the Dow average.

Read the full article at http://www.bloomberg.com/news/2012-09-14/u-s-stocks-rally-to-highest-since-2007-amid-fed-stimulus.html