Amazon and Alphabet May Be Over $1,000 but the S&P 500 Could Crash 8% by the End of 2017

Wells Fargo (WFC) - Get Report analysts say the S&P 500 could fall over 8% from current levels by the end of the year. 

The S&P 500 currently trades at 2,436, but Wells Fargo Investment Institute's year-end target on the broad index is between 2230-2330.

Right now, stocks are flirting with record highs with Amazon (AMZN) - Get Reportand Alphabet (GOOGL) - Get Report trading over $1,000 a share. 

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