In the September 2 edition of Barron’s, the cover story was titled “Fall Forecast: Sunny”
Included in the story, 10 strategists give various forecasts including 2013 and 2014 S&P500 EPS, S&P500 year-end price targets, GDP, and 10-Year Treasury Note Yields.
As seen on page 25:
Barron's recently checked in with 10 Street seers, whose consensus view is that the S&P will reach 1700 by year-end, 4% above Friday's close.
Also, as seen on page 26:
The strategists expect full-year S&P earnings to total $107.85, rising to $116.50 next year. (As usual, the consensus view of industry analysts is higher, with estimates of $110 for this year and $123 for 2014.)
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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 1653.08 as this post is written
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