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TSX Composite Index Analyst Forecast

INDEX:TXCX   TSX Composite Index
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
(investing.com)
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