Economics
Bears Missing in S&P 500 Forecasts as Stocks Get ETF Cash
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Two years of stocks going straight up have chased just about every skeptic from the U.S. market.
Among professional forecasters on Wall Street, none tracked by Bloomberg sees a retreat in 2015, with the average estimate calling for an 8.1 percent advance. At the same time, buyers of exchange-traded funds ended an obsession with bonds last quarter, sending four times as much cash to U.S. shares.