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MAR 09, 2013 - Washington Business Journal

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Stock expert says S&P 500 likely to hit 1,600

Alan Knuckman, stock market strategist at Optionshop, says investors' reaction to the monthly jobs report may indicate that Wall Street had expected the positive hiring report and already priced it in. He speaks on Bloomberg Television's "In The Loop" program in this video, and says the S&P 500 could hit 1,600 soon and talks about the reasons why. Knuckman says the S&P 500 is a better indicator of the larger economy than the Dow because of it's broad size and the way it weights its components by…

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