In Barron’s latest Big Money Poll, about 60% of money managers say they are bullish or very bullish on the stock market through the middle of 2010, though nearly half say they think there’s a 50% or greater chance of a sharp correction in coming months.

The bullish respondents, on average, expect the Dow to climb 5% or so to 10,187 by year-end, and expect it will reach 10,771 by mid-2010, Barron’s reports. They expect the S&P 500 to reach 1121 by year-end and 1190 by mid-2010. And they are most bullish on the Nasdaq Composite expecting it to rise 15.9% to 2371 by mid-2010.

About 13% of respondents are bearish, and 28% are on the fence, according to Barron’s. The bears see stocks falling around 10% through mid-2010, They think the Dow could fall to 8776 in the first half of 2010, the S&P 500 to fall to 922, and the Nasdaq to 1823.

One notable manager interviewed for the piece is James O’Shaughnessy of O’Shaughnessy Asset Management.

He predicts the Dow will end this year at 9975. By mid-2010, he sees the Dow at 11,140, the S&P at 1200, and the Nasdaq at 2625. O’Shaughnessy also said equities could earn as much as 15% a year in the next five years, with “the junk rally ending and…high-quality stocks taking the lead,” Barron’s reports.