S&P500 Earnings Forecasts & Forecast Accuracy

On June 1 The Wall Street Journal had an article titled “Analysts Cheer For Recovery.” From the article:  “Current estimates put the S&P 500 on track for earnings per share of $85.26 this year, according to Thomson Reuters, a return to 2007 levels. Analysts’ $96.61 forecast for 2011 earnings would mark a record that surpasses …

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Updates On Economic Indicators

Here is an update on various indicators that are supposed to predict and/or depict economic activity.  These indicators have been discussed in previous blog posts: The May Chicago Fed National Activity Index (CFNAI) (pdf) updated as of May 24, 2010: The Consumer Metrics Institute Contraction Watch: The USA TODAY/IHS Global Insight Economic Outlook Index: An …

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Updates On Economic Indicators

Here are various indicators that are supposed to predict and/or depict economic activity.  These indicators have been discussed in previous blog posts: The April Chicago Fed National Activity Index (pdf) (last updated 4/29/10) The Consumer Metrics Institute’s Contraction Watch: The USA TODAY/IHS Global Insight Economic Outlook Index: an excerpt dated 4/29/10: “The April update of …

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Consumer Metrics Institute Charts

Pursuant to the last post, here are some charts from The Consumer Metrics Institute that I find noteworthy: As I indicated in the last post, I plan on including updated information from The Consumer Metrics Institute in my frequent updates of economic indicators… back to <home> SPX at 1170.51 as this post is written

The Consumer Metrics Institute

In the previous blog post I wrote of the issues and implications regarding the current economic growth rate. There are a variety of sources and methods one may use in trying to gauge current and future economic growth.  In this blog I frequently highlight and discuss many I feel are prominent and/or noteworthy.  However, I …

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Updates On Economic Indicators

Here are some indicators that are supposed to predict and/or depict economic activity.  These indicators have been discussed in previous blog posts: The USA TODAY/IHS Global Insight Economic Outlook Index: http://www.usatoday.com/money/economy/economic-outlook.htm an excerpt dated 2/24: “The February update of the USA TODAY/IHS Global Insight Economic Outlook Index shows real GDP growth, at a six-month annualized …

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“New Financial Conditions Index”

I ran across the following paper titled “Financial Conditions Indexes: A Fresh Look after the Financial Crisis” (pdf) dated February 22, 2010. This paper discusses and explains this new attempt to create a “financial conditions index” that will accurately predict economic activity. From the abstract: “As of the end of 2009, our FCI showed financial …

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Updates On Economic Indicators

Here are some indicators that are supposed to predict and/or depict economic activity.  These indicators have been discussed in previous blog posts: The ECRI WLI (Weekly Leading Index) was at 131.5 for the week ended January 1.  From the story in the link below: “‘With the WLI climbing to a one-and-a-half-year high, the U.S. economy …

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Updates On Economic Indicators

I would like to do a quick update of some indicators that are supposed to predict economic activity.  These indicators have been discussed in previous blog posts: The ECRI WLI (Weekly Leading Index) was at 127.1 in the week to September 25.  Here is Press Release: http://www.businesscycle.com/news/press/1582/ Fortune’s Big Picture Index is at 14.25 as of October …

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Another Forecast Mentioning “Double-Dip” Possibility

Goldman Sachs yesterday came out with a new forecast on the S&P500 price as well as operating earnings, as seen on CNBC.com here: http://www.cnbc.com/id/31774313 I found the following phrase interesting; as this is another forecast that mentions the possibility of a “double-dip” recession in the future: “Goldman’s current economic view is for below-trend growth through …

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