S&P500 Earnings Estimates For Years 2013, 2014, And 2015

As many are aware, Thomson Reuters publishes earnings estimates for the S&P500.  (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag) The following estimates are from Exhibit 12 of “The Director’s Report” of April 23, 2013, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts: Year 2013 estimate: $112.38/share …

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The S&P500 Vs. The Shanghai Stock Exchange Composite Index – April 16, 2013

Starting on May 3, 2010 I have written posts concerning the notable divergence that has occurred between the S&P500 and Chinese (Shanghai Composite) stock markets. The chart below illustrates this divergence; it shows the S&P500 vs. the Shanghai Composite on a daily basis, since 2006: (click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by …

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Gold’s Decline And Implications

This post is an update to that of April 5, 2012, titled “The Current Gold Price And Its Broader Implications.” Below is a chart similar to that displayed in the April 5 post: (click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by the author) – The above chart is depicted …

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Corporate Bond Yields And OASs

I often write about interest rates and related topics as my analyses indicates that the overall bond market is an exceedingly large asset bubble. The characteristics and price levels of corporate bonds is highly noteworthy. For reference purposes, here are three bond indices and their FRED charts, as well as depictions of their spreads (as seen …

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Building Financial Danger – April 8, 2013 Update

On October 17, 2011 I wrote a post titled “Danger Signs In The Stock Market, Financial System And Economy.”  This post is a brief 23rd update to that post. My overall analysis indicates a continuing elevated and growing level of danger which contains  many worldwide and U.S.-specific “stresses” of a very complex nature. I have written numerous …

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Financial Stocks – April 4, 2013 Update Concerning Poor “Price Action”

On June 29, 2011 I wrote a blog post titled “Financial Stocks – Notable Price Action.”  This post is the latest update of that message. Although financial stocks have (in general) increased in price since 2012, I continue to believe that the longer-term “price action” of various financial stocks is disconcerting.  I view the poor …

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Financial Stocks – Relative Price To Overall Stock Market – April 4, 2013 Update

In the June 29, 2011 post (“Financial Stocks – Notable Price Action”) I wrote the following: I think that the relatively poor “price action” of various financial stocks is notable.  It is one of many current indications that overall stock market health is not as strong as a casual glance at the major indices would …

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U.S. Dollar Decline – April 1, 2013 Update

U.S. Dollar weakness is a foremost concern of mine.  As such, I have extensively written about it.  I am very concerned that the actions being taken to “improve” our economic situation will dramatically weaken the Dollar.  Should the Dollar substantially decline from here, as I expect, the negative consequences will far outweigh any benefits.  The negative impact of a substantial …

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Trends Of S&P500 Earnings Forecasts

S&P500 earnings trends and estimates is a notably important topic, for a variety of reasons, at this point in time. FactSet publishes a report titled “Earnings Insight” that contains a variety of information including the trends and expectations of S&P500 earnings. For reference purposes, here are two charts as seen in the “Earnings Insight” report of …

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S&P500 Earnings Estimates For 2013 & 2014

As many are aware, Thomson Reuters publishes earnings estimates for the S&P500.  (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag) The following estimates are from Exhibit 12 of “The Director’s Report” of March 26, 2013, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts: Year 2013 estimate: $112.23/share …

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