In the September 2 edition of Barron’s, the cover story was titled “Fall Forecast: Sunny”
Included in the story, 10 strategists give various forecasts including 2013 and 2014 S&P500 EPS, S&P500 year-end price targets, GDP, and 10-Year Treasury Note Yields.
As seen on page 25:
Barron’s recently checked in with 10 Street seers, whose consensus view is that the S&P will reach 1700 by year-end, 4% above Friday’s close.
Also, as seen on page 26:
The strategists expect full-year S&P earnings to total $107.85, rising to $116.50 next year. (As usual, the consensus view of industry analysts is higher, with estimates of $110 for this year and $123 for 2014.)
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 1653.08 as this post is written