I hereby invoke Bob Farrell’s Rule #9: When all the experts and forecasts agree — something else is going to happen.
Let’s look at the forecasted year-end 2010 levels for the S&P500 and S&P500 earnings:
|Firm||Strategist||2010 Close||2010 EPS|
|Bank of America||David Bianco||1275||73|
|Bank of Montreal||Ben Joyce||71|
|Credit Suisse||Andrew Garthwaite||1125||76|
|Deutsche Bank||Binky Chada||1260||77.8|
|Goldman Sachs||David Kostin||1250||76|
|JP Morgan||Thomas Lee||1300||80|
|Morgan Stanley||Jason Todd||70|
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.