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 from Bloomberg of December 13 titled “No New Normal as Strategists Predict 11% S&P500 Gain” the average figures from 11 respondents are similar; a year-end 2011 S&P500 target of 1379 and an EPS of $92/share.
Both the Bloomberg and (especially the) Barron’s stories have a variety of economic and market commentary accompanying the forecasts.
_____
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 1243.91 as this post is written