This is a 156 page report I’ve posted. I’m not sure if its worth the additional storage I’ll have to pay my network provider. In other words, it may be completely worthless. But then again, like I say in my seminars, you should come to your own conclusions after listening to what others have to say. A few days ago, I posted BAC Merrill Lynch’s research department’s top ideas for 2012. Before you download this with baited breath, read this blurb from Dec 12, 2011 WSJ Blog.
“J.P Morgan permabull Thomas Lee is at it again, issuing a note this morning offering eight reasons to be “contrarian” in 2012. And by contrarian, of course he means uber-bullish. What else would you expect?
Lee has a well-documented history of offering extremely bullish calls. He did have one bearish take a few years back. Of course that came during the grand market bottom in March 2009. Ouch.
Most recently he slashed his 2011 S&P 500 price target in late November from 1475 to 1350, saying it would be a challenge for stocks to surge so quickly into year end. The S&P 500 has rallied 9% since he cut his view. His initial forecast for 2011 was 1425, which he raised to 1475 in the spring. Barring a miraculous turnaround, the S&P won’t come close to either of those targets, and is still a far cry from his lowered target, too.”
Download the complete JP Morgan Research report here