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Stocks to Surge in 2009, UBS Says; S&P 500 May Climb 53 Percent
Published December 3, 2008, 12:12 am, Bloomberg
Dec. 3 (Bloomberg) -- Stocks in the U.S. and Europe will withstand a “full-blown” global recession to surge in 2009, UBS AG said. The Standard & Poor’s 500 Index may jump to 1,300 by the end of 2009, a 53 percent rally from its current level, New York-based strategist David Bianco wrote in a report dated yesterday.
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