Wall Street's stock market mania officially has gone full-throttle as JPMorgan raised its year-end price target for the Standard & Poor's 500 to 1,715.
The deal finally reached over the U.S. “fiscal cliff” should ultimately be positive for the U.S. stock market and investors should buy U.S. equities on any weakness, according to The Gartman Letter writer and editor Dennis Gartman.
The FTSE 100 could rally another 300 points after topping 6,000 on Wednesday for the first time since July 2011, according to Sandy Jadeja, chief technical analyst at U.K. brokerage City Index.
A "bull run" in Hong Kong's benchmark Hang Seng stock index, one of last year's best performing markets in Asia, should last well into 2013 thanks to a brighter economic outlook and a rebound in mainland shares, analysts say.
"I'm going to sell this rally with two hands, two feet and all 10 toes," said Lawrence McDonald, a trader and political risk consultant, in a tweet after the "fiscal cliff" deal was approved Tuesday night.
When a company reports a blowout quarter, investors often see a tradable short squeeze develop as the bears rush to cover positions to avoid big losses. TheStreet.com reports.
The deal reached last night does nothing for the spending cuts side of the equation. The only good news for spending hawks: the next debate will be squarely on spending.
CNBC's Jackie DeAngelis explains how the "fiscal cliff" deal will impact the health care sector in the long-term. And, Jonathan Bush, Athenahealth chairman, CEO & president, provides perspective on health care reform and the 'cliff' deal.
Hope springs eternal among most stock strategists and Jeremy Zirin, chief equity strategist at UBS Wealth Management, is no exception. Zirin expects moderate gains in stocks this year.
Markets are relieved that the U.S. Congress has approved a deal to avert a "fiscal cliff", but analysts warn that investors now face a rocky two months ahead as negotiations over the debt ceiling begin.