Out Fox The $treet

We've followed Binky Chadha, Chief US Equity Strategist at Deutsche Bank, over the last year or two. While his calls for a higher market get moderate coverage on CNBC or Bloomberg, he doesn't get near the play as Doug Kass predicting 2011 as flat or the PIMCO guys predicting a 'new normal' or of course the doom and gloom gang. While 1,550 is a very aggressive 25% gain, its bullish that the market only gives him minor credibility though he has been accurate lately. Back in March he predicted the market would end the year at 1,325. As we suggested back then that number appeared too high, but it might not end much off the mark. Much more comfortable with a 1,400+ number next year as long as the market quickly dismisses such lofty targets. Watch the below video, but the key point is that average investors have likely not heard his prediction and quickly dismiss it.

Binky is the chief equity startegist at Deustche Bank. His target for year end is 1325 making him more bullish then us at this point. Listening to the clip we do agree to most of his ideas, but we're more concerned above stock prices towards year end if all these taxes on investment income actually increase. Gotta take into perspective that 1250-1300 only takes us back to where the market was pre-Lehman collapse. Yes, the market has come a long way, but he fell way too far. With SP500 earnings expected over $80 now, 1325 isn't that far fetched. Especially went $95 for 2011 is becoming more realistic. $95 x 15 gets the market back to 1425. Might seem far fetched but when you review the real numbers surrounding corporate profits the questions should become 'Why Not?'. With a name like Binky he better be good as well.