S&P Will End The Year Between 1200 And 1250

It looks like market analysts are turning bullish on the stock market after a severe correction. According to Invesco market strategist Fritz Meyer, stocks have nowhere to go but up from here till December. “I think the 15 percent correction is probably over,” Meyer told CNBC. Meyer is looking for a market increase of just below 10 percent before the year is over. “I do believe that by the end of the year, we’ll see higher stock prices 1,200 to 1,250 on the S&P by the year-end makes a lot of sense, which is 8 to 9 percent from here.” If Meyer is correct the market has already bottomed and investors can start to get long again.