Longer term into the end of next year the TSX is attractive for bulls. Currently the index may be as much as 6% over the average analyst year end target. Were the analysts too conservative in their 2016 year end forecast? With the fall historically being bearish
for markets and oil
, a significant pullback ahead seems reasonable.
S&P/TSX Composite (GSPTSE)
13,550 Average 2016 forecast
14320 Average Mid 2017 forecast
15333 Average 2017 forecast