Chart of the Week: How Bullish Are Wall Street Strategists?

Business Week’s 2006-year end predictions are out, and they cover 75 or so Wall Street Strategists and Analysts. Over all, they seem to show a fairly bullish bias amongst the chattering pundits.


How Bullish Are Wall Street Strategists?
click for larger graph


Source: Business Week, Tim Iacono

As the graph above shows, the herding instinct is alive and well with the group clustered between 11-12,000 on the Dow, while advising 40-75% US Equity exposure. Note the outliers: 14,000/100% on the upside, and 6,800/15% on the downside.


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