Why are stocks rising?

The S&P 500, DJIA, and NASDAQ are all up about 40% from their lows on March 9th.  Why?  Has the economy (and earnings) rebounded that sharply?  Or were the March lows an aberration?  It’s been a while since I talked about the stock market or the larger economic picture, so it’s time to revisit those […]

O’Shaughnessy sees big upside, S&P 500 at 900

From a story on Yahoo News. A rising savings rate and an improved housing market, while not completely healed, point to brighter times ahead in the U.S. economy, O’Shaughnessy told Reuters in an interview. “I do think that as all that coalesces, you see a good chance for the S&P 500 (at) 900 out of […]

S&P 500 earnings in the tank

It’s been about a week since I posted an updated earnings report for the S&P 500, and there are a few new items. By far the biggest item is that S&P is now recognizing that Q4 earnings – well, there aren’t any.  This will be the first quarter ever where the 500 companies (which make […]

Is Standard and Poors finally getting it?

I was just looking up the latest earnings estimates for the S&P 500 on the Standard and Poors website, (link will open an Excel spreadsheet) and I noticed a dramatic change from a week ago. In the “Operating earnings per share” section near the top, where Standard and Poors normally lists the estimated earnings for […]