Energy Prospectus

Nice to see WTI over $93 this morning.

This also encouraging: A prominent Wall Street bear just ditched his pessimistic views on U.S. stocks.

Deutsche Bank DBK.XE -0.66% strategist David Bianco planted his flag in the bullish camp on Monday, saying he now sees ”a long lasting economic expansion of moderate growth, which should rival the U.S. record of 10 years.”

He boosted his year-end S&P 500 target to 2050, reflecting an additional 2.5% gain for the rest of the year. That compares to his previous target of 1850, or a 7.5% drop from recent levels. His old 1850 estimate was tied for the lowest forecast among prominent Wall Street strategists tracked by Birinyi Associates.

Full article: http://blogs.wsj.com/moneybeat/2014/09/ ... d=yahoo_hs

As long as the U.S. economy keeps moving forward, demand for energy will be increasing. - Dan

Morgan Stanley MS -1.82% strategist Adam Parker last week predicted the bull market could keep rallying for another five years and take the S&P 500 as high as 3000, about a 50% gain from current levels. He also suggested the U.S. expansion could have another five years in it due to “a prolonged period of deleveraging in the U.S., coupled with an uneven global recovery.”

Stifel Nicolaus stocks strategist Barry Bannister last month threw in the towel on his bearish forecast. He lifted his year-end price target to 2300—the highest among prominent strategists–from 1850, which had been tied for the lowest