S&P500 Price Targets & Projected Earnings 2011 & 2012

Today’s Barron’s has a cover story titled “Outlook 2011.” Among the average forecasts of the 10 respondents (strategists and investment managers) was the following: A year-end 2011 S&P500 target of 1373.25 $92.90 S&P500 EPS for 2011 $100.83  S&P500 EPS for 2012 (an average from 6 respondents) 3.2% GDP growth for 2011 In a separate story … Read more S&P500 Price Targets & Projected Earnings 2011 & 2012

S&P500 Price Projections – Livingston Survey December 2010

The December 9, 2010  Livingston Survey (pdf) contains, among its various forecasts, a S&P500 forecast.  It shows the following price forecast for the dates shown: Dec. 30, 2010   1200 June 30, 2011   1250 Dec. 30, 2011   1298.5 Dec. 31, 2012    1350 These figures represent the median value across the 33 forecasters on the … Read more S&P500 Price Projections – Livingston Survey December 2010

Stock Market Post-Peak Historical Performances

On November 6 Doug Short posted an interesting chart on his site. This chart shows the post-peak performances, in percentage terms, of four bear markets, as shown. As one can see, the current trajectory of the S&P500 (post-2007 peak)  is quite distinct from that of the post-2000 Nasdaq, post-1989 Nikkei, and post-1929 Dow Jones Industrials: … Read more Stock Market Post-Peak Historical Performances

S&P500 Earnings Consensus For 2011

Barron’s came out with its “Fall 2010 Big Money Poll” on November 1. There are a variety of statistics and poll results in it that I found interesting. Of special note is the S&P500 2011 profit consensus of respondents, at $91.11. There seems to be a growing overall consensus that S&P500 Operating Earnings will be … Read more S&P500 Earnings Consensus For 2011

S&P500 Vs. Consumer Confidence

The following commentary and chart is excerpted from the October 14, 2010 ContraryInvestor.com commentary.  I find it interesting in a variety of different ways, and it raises a lot of questions with regard to the stock market, consumer confidence, QE1, and QE2… _____ “We have not touched on consumer confidence for a good while, but … Read more S&P500 Vs. Consumer Confidence

Market Overview – Part V: Stock Market

(this is the fifth in a series of five posts concerning the markets) Lastly, a couple of charts showing the S&P500… First, one that shows the S&P500 on a weekly basis, LOG scale, since 2007.  I continue to find this chart interesting for a variety of reasons.  It shows that resistance has become support, as … Read more Market Overview – Part V: Stock Market

Stock Market Projected Earnings 2011

In the October 11-October 17 2010 issue of Bloomberg BusinessWeek, it had an article titled “The Corporate Profit Engine May Be Slowing.” The article contains a variety of information concerning earnings.  An excerpt: “For the first time in more than a year, Wall Street analysts cut their forecasts for Standard & Poor’s 500-stock index earnings … Read more Stock Market Projected Earnings 2011

S&P500 Earnings Forecasts For 2010 And 2011

As many are aware, Standard & Poors publishes earnings estimates on a quarterly basis.  My previous post concerning their estimates can be found at this May 30 post) Currently, their estimates for 2010 add to the following: -From a “bottom up” perspective, operating earnings of $82.87/share -From a “top down” perspective, operating earnings of $78.29/share … Read more S&P500 Earnings Forecasts For 2010 And 2011

Thoughts On The Stock Market

The stock market appears to be at an important juncture. As seen in the below chart, by Ron Walker (thechartpatterntrader.com) there is the much-discussed potential Head and Shoulders formation that looms large: (click on chart to enlarge)(chart courtesy of StockCharts.com) As well, the VIX is just above 20.  As I have commented upon previously, over the … Read more Thoughts On The Stock Market