In the September 5 edition of Barron’s, the cover story was titled “Which Way Up?”
Included in the story, 15 “buy- and sell-side strategists” give various forecasts including 2011 and 2012 S&P500 EPS, S&P500 year-end price targets, GDP, and 10-Year Treasury Note Yields.
As seen on page 23, “The average of their expectations” for the S&P500 at year end “is about 1300.”
Also, the consensus estimate for this year’s (2011) S&P500 earnings is seen at “about $90” and for 2012 $102.
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.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1173.97 as this post is written