Standard & Poors S&P500 Earnings Estimates For 2011 & 2012

As many are aware, Standard & Poors publishes earnings estimates for the S&P500.  My previous post concerning their estimates can be found at the September 17 and May 30 posts) Currently, their estimates for 2011 add to the following: -From a “bottom up” perspective, operating earnings of $94.79/share -From a “top down” perspective, operating earnings … Read moreStandard & Poors S&P500 Earnings Estimates For 2011 & 2012

Retail Sales Per Capita Adjusted For Inflation

On December 14, Doug Short posted to his blog a chart showing retail sales per capita, adjusted for inflation (CPI).  The data is through November, as noted on the chart: (click on chart to enlarge image) Of course, this view of total retail sales, on a per-capita (factoring in population growth) basis – as well … Read moreRetail Sales Per Capita Adjusted For Inflation

CEO & CFO Surveys 4Q 2010

On December 14 the Business Roundtable’s CEO Economic Outlook Survey was released for the 4th quarter.  The December Duke/CFO Magazine Global Business Outlook Survey was also released on December 14.  Both contain a variety of statistics regarding how executives view business and economic conditions. In the CEO survey, of particular interest is the CEO Economic … Read moreCEO & CFO Surveys 4Q 2010

Updates On Economic Indicators December 2010

Here is an update on various indicators that are supposed to predict and/or depict economic activity.  These indicators have been discussed in previous blog posts: The December Chicago Fed National Activity Index (CFNAI)(pdf) updated as of December 20, 2010: – The Consumer Metrics Institute Contraction Watch: – The USA TODAY/IHS Global Insight Economic Outlook Index: … Read moreUpdates On Economic Indicators December 2010

“60 Minutes” On State Budget Problems

On Sunday, “60 Minutes” did a segment on state budget problems.  Both video and a transcript are available. The segment is worth viewing, especially for those who lack familiarity with the issue.  While I don’t agree with some of its comments, it provides a good overview of the situation and some of the complexities involved. … Read more“60 Minutes” On State Budget Problems

S&P500 Price Targets & Projected Earnings 2011 & 2012

Today’s Barron’s has a cover story titled “Outlook 2011.” Among the average forecasts of the 10 respondents (strategists and investment managers) was the following: A year-end 2011 S&P500 target of 1373.25 $92.90 S&P500 EPS for 2011 $100.83  S&P500 EPS for 2012 (an average from 6 respondents) 3.2% GDP growth for 2011 In a separate story … Read moreS&P500 Price Targets & Projected Earnings 2011 & 2012

Quantitative Easing Exit Issues

During QE1 (the first round of The Federal Reserve’s Quantitative Easing) there seemed to be substantial commentary and discussion concerning the exit of such a program. Over the last few months the discussions over the exit strategy seem to have diminished greatly – despite the start of QE2 and speculation of additional QE programs, i.e. … Read moreQuantitative Easing Exit Issues

The December 2010 Wall Street Journal Economic Forecast Survey

The December Wall Street Journal Economic Forecast Survey was published December 13, 2010. I found a couple of excerpts, seen below, to be especially notable: “The economists now see stronger expansion in the first half of 2011, with growth picking up speed as the year progresses. For the year, they expect GDP will rise 3%. … Read moreThe December 2010 Wall Street Journal Economic Forecast Survey

S&P500 Price Projections – Livingston Survey December 2010

The December 9, 2010  Livingston Survey (pdf) contains, among its various forecasts, a S&P500 forecast.  It shows the following price forecast for the dates shown: Dec. 30, 2010   1200 June 30, 2011   1250 Dec. 30, 2011   1298.5 Dec. 31, 2012    1350 These figures represent the median value across the 33 forecasters on the … Read moreS&P500 Price Projections – Livingston Survey December 2010