Big Investors Expect 'Robust' Rebound in 2009 Most institutional investors expect the S&P 500 to finish 2009 above 1,000. By Katy Marquardt Dec. 15, 2008 | 11:37 a.m. EST + More Here are the results of Citi's most recent survey of institutional (i.e. big-time) investors:Investors see a "fairly robust" rebound in 2009. Most expect the S&P 500 to close out the year above 1,000, and more than 40 percent of survey respondents expect it to top 1,100.Most investors surveyed think the recession will end in the second half of 2009, and roughly 20 percent expect it to conclude in 2010.Just over half think the market has already hit its bottom, although 'retests' of the lows are possible.Almost none surveyed see a rise in the S&P 500's earnings per share.Favorite sectors are financials and technology. Those expected to suffer include consumer staples, industrials, materials, and utilities.Investors' enthusiasm for growth stocks has eroded, "which is a bit strange considering that growth stocks generally do well in a period of broad corporate profits margin erosion," says Citi.