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 S&P Earning Up

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Posts : 2725
Join date : 2008-05-13
Location : Central Florida

PostSubject: S&P Earning Up   Mon Apr 04, 2011 10:18 pm

Looking good on the earnings gains, faster recovery looks like.
I put a Bloomberg artcile on my own page a little bigger.

Biggest Profit Gain Since 1900 Sustains S&P 500 After Rally

The Article

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Posts : 1540
Join date : 2008-05-16

PostSubject: S&P Earning Up   Tue Apr 05, 2011 6:49 am

Maybe a little too optimistic for me Thump..
1. Unemployment still way too high and will be for years.
2. QE2 will end and unlikely we see QE3.
3. Europe is still a mess..Greece may default as Ireland says no more help and Germany, others throw in the bag too.
4. Had a real nice run the past 18+ months.

Still expect an up year of 10% or so in the broader markets but we're already over half of that.
I'd say a near term pullback with a slow march sideways/ higher by yr's end.

Good article though.
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