It was for the last time in her life she donned all the trappings of finery. Dressed in a magenta gold-and-silver sequin saree coordinated with jewellery, 25-year-old Ashwini on Wednesday cast aside worldly happiness and chose the path of a sanyasin.
Barclays raised its target to 930 from 760, noting thatwhile the timing of the recent rally was expected, themagnitude of the recent 40 percent advance was surprising. One of thefactors cited for the optimism is the need for corporateinventories to be rebuilt, which Credit Suisse believes couldsend global industrial production up 10 percent year-over-yearand spark corporate spending. Credit Suisse increased its target to 1,050 from 920, andwould not exclude the possibility of a significant overshoot. The firm believes that the market is in an upward sloping"W" shaped recovery and is currently half-way through the first"V," with a likely peak early in the fourth-quarter. After rising 40 percent on June 12 from the 12-year low ofMarch 9, the S&P has risen only slightly, despite a 7 percentgain last week.
The firm anticipates a more sustained rally during thesecond-half of the year to the tune of a 13 percent gain, whichwould be in-line with the 14 percent average return during thesix-month long sustained rally recovery periods in the wake ofthe five bear markets since 1970. "Although earnings, valuation and money flow offer supportto our view that the S&P 500 will experience a more sustainedrally during the second-half of 2009, the fourth pillar of ouranalysis -- the US economy -- is the shakiest part of thefoundation," strategists led by David Kostin said. In lifting its target to 1,060 from 940, Goldman Sachscites the recent range of 850 to 940 the index has been miredin after its initial rally to the 850 level off of bear-marketlows hit on March 9 The economy, however, remains a wildcard. Credit Suisse is only slightly less optimistic at 1,050.Barclays also raised its prediction, but sees the S&P finishingthe year down, forecasting a 930 finish for the index atyear-end, off 3.0 percent from Tuesday's close. In the last week, analysts at Barclays Capital, CreditSuisse and Goldman Sachs have boosted their targets on the S&P,with Goldman Sachs showing the most optimism in a 1,060 targetby year-end 2009, up 11 percent from Tuesday's close. economy is bludgeoned by the worstrecession since World War Two.
Recent resultshave cleared up some uncertainty on the state of corporateAmerica as the U.S. Stocks | Funds News | ETFs News The Standard & Poor's 500 index .SPX touched a 2009intraday high of 956.53 on Tuesday amid a resurgence in stockson the heels of better-than-expected earnings. comScoreMedia Metrix syndicated ratings are based on industry-sanctioned samplingmethodologies.About comScore comScore, Inc. (Nasdaq: SCOR) is a global leader in measuring the digitalworld and preferred source of digital marketing intelligence. For moreinformation, please visit Us on Twittertwitter /comScoretwitter /m_abrahamtwitter /gfulgoniSOURCEcomScore, Inc.Sarah Radwanick of comScore, Inc., +1-312-775-6538, . NEW YORK, July 21 (Reuters) - With the S&P500 in the midstof another push higher, several large brokerages have raisedtheir target on the broad index, although some have been moreoptimistic than others. comScore Media Metrix reports are used byfinancial analysts, advertising agencies, publishers and marketers.
For instance, Yahoo! Sites was seen by79 percent of the nearly 194 million Internet users in June.* Entity has assigned some portion of traffic to other syndicated entities.** Denotes an advertising network.About comScore Media MetrixcomScore Media Metrix provides industry-leading Internet audience measurementservices that report details of online media usage, visitor demographics andonline buying power for the home, work and university audiences across localU.S markets and across the globe. 24,03235 Gorilla Nation 24,02236 United Online, Inc 22,82837 Everyday Health22,37438 Break Media22,33439 CareerBuilder LLC21,70440 NBC Universal21,20241 ESPN 20,98442 NetShelter Technology Media20,63543 iVillage : The Womens Network 20,59444 Weatherbug Property20,46545 JPMorgan Chase Property20,21146 TWITTER.COM* 20,11147 Real Network 19,91848 EA Online19,60749 Gannett Sites19,29850 Time Warner -Excluding AOL 19,293Table 4comScore Ad Focus Ranking (U.S.)June 2009Total U.S. 56,55412 Glam Media 54,22313 Viacom Digital 51,57514 Turner Network 50,84115 CBS Interactive50,34116 craigslist, inc. 46,83217 New York Times Digital 44,78918 Weather Channel, The 41,75119 Adobe Sites38,12020 Comcast Corporation34,86521 Verizon CommunicationsCorporation 33,43622 Wal-Mart 33,35823 AT&T Interactive Network 31,58224 Disney Online31,36225 Demand Media 28,93826 Superpages Network 28,36727 Expedia Inc27,05828 The Mozilla Organization 26,96429 Target Corporation 26,28430 WordPress26,24531 Answers Sites26,16332 Bank of America25,47933 Photobucket LLC24,52834 AT&T, Inc. - Home, Work and University LocationsUnique Visitors (000)Source: comScore Media Metrix-----------------------------Unique VisitorsRankProperty(000)------------ -------- Total Internet : Total Audience 193,8961Google Sites156,8712Yahoo! Sites154,0973Microsoft Sites 127,4544AOL LLC 106,4675Fox Interactive Media84,5676FACEBOOK.COM 77,0317Ask Network73,0418eBay 71,0209Amazon Sites 63,17810 Wikimedia Foundation Sites 60,69211 Apple Inc. - Home, Work and University LocationsSource: comScore Media Metrix----------------------------- Total Unique Visitors (000) --------------------------- May-09Jun-09 % ChangeTotal Internet : Total Audience193,825 193,896 0Travel - Airlines 27,32333,29022Career Services & Development - Training & Education5,954 6,72913News/Information - Politics 11,64212,97711Travel - Transactions3,980 4,38610Travel - Online Travel Agents 39,23242,863 9Games - Gaming Information47,05349,950 6Career Services & Development - Career Resources 44,20446,803 6Entertainment - News54,94657,955 5Financial Information/Advice37,68839,557 5Travel - Information40,50942,461 5Table 3 comScore Top 50 Properties (U.S.)June 2009Total U.S.