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.
|Sony doesn't know how but says 'The Interview' will be shown|
|Another blackout for Dish customers, this time Fox News|
|Sony exec fires back at President Obama|
|Justin Bieber just lost 3.5 million Instagram followers|
|Is the oil scare over for the stock market?|