11 worst predictions of 2012

S&P 500 at 1,250
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Barron's convenes a panel of stock experts every year to guess where the S&P 500 will wind up next year. It's a fool's game, but sometimes they happen upon a close number. 2012 was such a year. The experts on average predicted the S&P will reach 1,360, a tidy 12% gain from the date in mid-December 2011. Lo and behold, the S&P is holding steady this week at 1,450, which amounts to an even bigger 16% gain.

Every expert looked smart except the lone bear. David Kostin, Goldman Sachs' chief U.S. equity strategist, said stocks would flatline in 2012 and the S&P would finish at 1,250. The year was not for bears like Kostin. Fear not, he's making up for it with a bullish prediction for 2013: S&P 500 at 1,575.


  @FortuneMagazine - Last updated December 21 2012 07:02 AM ET
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