New Year’s Prediction #5: S&P Will Close at Over 1,420

I hope you enjoyed my other four New Years predictions, including New Years
Prediction #4: Retail, The Hottest Sector of 2012 . But my final prediction may
be my boldest yet: I predict that well end 2012 with the S&P our key benchmark
closing at over 1,420. From late December's 1,200 level, that would represent
a solid 20% rise. That same percentage jump in the other indexes would put the
Dow over 14,200 and the NASDAQ north of 3,000. Surprised?