Jeremy Grantham

The S&P 500 will rally to about 1000-1100 before the end of 2009.

“My guess is that the S&P 500 is quite likely to run for a while, way beyond fair value (880 on our revised data), to the 1000-1100 level or so before the end of the year.”

Said on

6 May 2009 · GMO quarterly letter (Q1 2009), quoted by the Christian Science Monitor

Source

Which perma-bear's now bullish? (Hint: Grantham.) · Christian Science Monitor

Should come true

2009

How sure they sounded

My guess is ... quite likely

Categories

Markets

Importance

2 of 5 · A short-term index level call; matters to investors but limited wider consequence.

Outcome

Accurate Happened 31 December 2009.

The S&P 500 crossed 1,000 in August 2009 and closed 2009 at about 1,115, at the top of his 1000-1100 range.

Evidence:

• https://en.wikipedia.org/wiki/S%26P_500