S&P500 Stock Market Forecasts

The August 16-August 29 2010 Bloomberg BusinessWeek had an article on stock forecasts titled “The Market’s Economic Disconnect.”

Here is an excerpt:

“The fastest annual earnings increase in 22 years will push the S&P index up 20 percent in the last six months of 2010 to 1,242, according to the average projection of 12 firms compiled Aug. 3 by Bloomberg. Cash at S&P 500 companies has risen six straight quarters to $836.8 billion as executives have fired workers and reduced capital spending, according to S&P. Earnings at the same companies will increase 35 percent in 2010, the biggest annual gain since 1988, according to more than 8,000 analyst estimates compiled by Bloomberg.”

_____

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.

_____

A Special Note concerning our economic situation is found here

SPX at 1079.25 as this post is written