Market indicators are adding to investors “overly fearful” state, even as stocks appear to offer more value than bonds, according to Citigroup Inc.’s chief U.S. equity strategist Tobias Levkovich .
The Standard & Poor’s 500 Index will surge to 1,300 through the end of next year because of investor sentiment, stock valuations and depressed earnings estimates, Citigroup said.
"Investor sentiment has clearly been pummeled of late as some signs of surrender are forming."
- Tobias Levkovich on Oct 15, 2014
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