In the September 3 edition of Barron’s, the cover story is titled “Tough as Teflon.”
Included in the story, 10 market strategists give various forecasts including 2012 & 2013 S&P500 profits, 2012 S&P500 year-end price targets, 2012 & 2013 GDP growth, and 10-Year Treasury Note Yields.
As seen on page 22:
With 2012 two-thirds done, the pros see S&P500 companies earning $100 to $105 this year.
also:
Our 10 strategists’ mean profit prediction for 2013 is $107.37, implying another 5% increase.
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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 1408.47 as this post is written