S&P 500 Earnings for 2010 = $83.78

The numbers are almost complete. According to the latest figures, the S&P 500 earned $83.78 for 2010.

I bring this up because that number would have been considered insanely bullish a few months ago. In June 2009, I noted that Wall Street was expecting earnings of $73.56. One commenter at Seeking Alpha wrote “There is No Way the S&P will earn $70+ in 2010.”

In May 2009, David Rosenberg had an S&P 500 target of 600 to 840 based on earnings of $50 to $70. In January of 2010, the bears were ready to mock the bullish forecasts of Wall Street which turned out to be too low.

I point this out because the perma-bears are so rarely held accountable.

Posted by on February 24th, 2011 at 6:38 pm


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