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Time Capsule Post (2010 Forecasts) — Open One Year Hence

Posted By Invictus On December 17, 2009 @ 8:00 am In Analysts,Investing,Markets | Comments Disabled

I hereby invoke Bob Farrell’s Rule [1] #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
Barclays Barry Knapp 1120 66
Citigroup Tobias Levkovich 1150 72.5
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
Oppenheimer Brian Belski 1300 70
RBC Myles Zyblock 1200 72
UBS Thomas Doerflinger 1250 80
Mean 1223 $73.69
Median 1250 $72.75
High 1300 $80.00
Low 1120 $66.00

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URL to article: http://www.ritholtz.com/blog/2009/12/time-capsule-post-2010-forecasts-open-one-year-hence/

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[1] Bob Farrell’s Rule: http://www.ritholtz.com/blog/2008/08/bob-farrells-10-rules-for-investing/

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