S&P500 Price Targets & Projected Earnings 2011 & 2012

Today's Barron's has a cover story titled "Outlook 2011."
Among the average forecasts of the 10 respondents (strategists and investment managers) was the following:

• A year-end 2011 S&P500 target of 1373.25

• $92.90 S&P500 EPS for 2011

• $100.83  S&P500 EPS for 2012 (an average from 6 respondents)

• 3.2% GDP growth for 2011

In a separate story from Bloomberg of December 13 titled "No New Normal as Strategists Predict 11% S&P500 Gain" the average figures from 11 respondents are similar; a year-end 2011 S&P500 target of 1379 and an EPS of $92/share.

Both the Bloomberg and (especially the) Barron's stories have a variety of economic and market commentary accompanying the forecasts.
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I post various economic forecasts because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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A Special Note concerning our economic situation is found here
SPX at 1243.91 as this post is written