In the December 16, 2013 edition of Barron’s, the cover story is titled “Bullish on 2014.”
Included in the story, 10 investment strategists give various forecasts for 2014 including S&P500 profits, S&P500 year-end price targets, GDP growth, and 10-Year Treasury Note Yields.
A couple of excerpts:
THE 10 STRATEGISTS Barron's consulted about the outlook for 2014 have year-end targets for the S&P of 1900 to 2100, well above Friday's close of 1775.32; their mean prediction is 1977. The bullish consensus might trouble contrarians, but Wall Street's pros see ample reason for optimism, given their expectations of a stronger economy and rising corporate profits.
also:
Specifically, the strategists eye S&P profits of $118, up from this year's estimated $108 to $109. Industry analysts typically have higher forecasts; their 2014 consensus is $122, according to Yardeni Research.
The article also mentions that among the investment strategists, average expected 2014 GDP growth is 2.7%.
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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 1775.32 as this post is written
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