Tuesday, September 6, 2011
Strategist 2011 & 2012 Estimates For S&P500 Earnings And Price Levels
In the September 5 edition of Barron's, the cover story was titled "Which Way Up?"
Included in the story, 15 "buy- and sell-side strategists" give various forecasts including 2011 and 2012 S&P500 EPS, S&P500 year-end price targets, GDP, and 10-Year Treasury Note Yields.
As seen on page 23, "The average of their expectations" for the S&P500 at year end "is about 1300."
Also, the consensus estimate for this year's (2011) S&P500 earnings is seen at "about $90" and for 2012 $102.
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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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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1173.97 as this post is written
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