In the December 19 edition of Barron’s, the cover story is titled “Buckle Up!”
Included in the story, 10 "stock-market strategists and investment managers” give various forecasts including 2012 S&P500 profits, 2012 S&P500 year-end price targets, 2012 & 2013 GDP growth, and 10-Year Treasury Note Yields.
As seen on page 27:
The mean prediction of the 10 stock-market strategists and investment managers surveyed by Barron's is that the Standard & Poor's 500 Index will end 2012 at about 1360, some 11.5% higher than Friday's close of 1220.
Also stated in the article:
The top-down call, or that of Wall Street's market strategists, is that earnings per share will rise about 7% in 2012, to $105, for companies in the S&P 500, from this year's estimated $98. The typically more optimistic bottom-up crowd of industry analysts calls for a 10% increase, to $108, although that forecast is down from an estimate of $113 in July.
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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 1243.72 as this post is written
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