“The call made by David Kostin is for the S&P to gain 12% from here, anding 2013 at 1575. If you add in dividends, the gain is 14%.

So if you just buy the S&P 500, you should do pretty fantastic next year.

Why is Kostin so bullish?

The firm sees 2013 growth GDP growth of about 2%, S&P revenue growth of 4.4%, margins staying flat where they are, and S&P earnings of $107 (up from $100).  After we get past the fiscal cliff, S&P multiples will expand modestly by about 5%.

So how can you do even better than the 12%?

Kostin suggests a few different avenues…”