Recent misfortunes haven't discouraged Chadha, according to his 2012 outlook. "We see very healthy corporate fundamentals, extremely cheap valuations and a strong demand-supply balance eventually winning out against the concerns about the risks," he wrote. Chadha's prediction for the S&P 500 at year-end 2012: 1,500, up about 20%.
It was a rollercoaster of a year for the U.S. stock market.
|GM recalls 205,000 Cadillacs, Impalas|
|Who's getting rich off the stock market?|
|Boom: Alibaba surges 38% in huge IPO debut|
|How immigrant entrepreneurs are making it|
|Larry Ellison: The billionaire Silicon Valley exec with the shiniest toys|