http://www.bloomberg.com/news/2011-06-01/qe3-would-be-excessively-bearish-for-stocks-oppenheimer-s-belski-says.html
Belski estimates the S&P 500 will end 2011 at 1,325, with companies in the index earning $90 a share. Belski’s estimate is below the mean of forecasts compiled by Bloomberg as of May 31. The average estimate of 13 strategists calls for the benchmark measure to end 2011 at 1,402. He is forecasting the benchmark gauge for U.S. stocks will end 2012 at 1,475 and that companies will have a per-share profit of $103 for the year.
Belski estimates the S&P 500 will end 2011 at 1,325, with companies in the index earning $90 a share. Belski’s estimate is below the mean of forecasts compiled by Bloomberg as of May 31. The average estimate of 13 strategists calls for the benchmark measure to end 2011 at 1,402. He is forecasting the benchmark gauge for U.S. stocks will end 2012 at 1,475 and that companies will have a per-share profit of $103 for the year.
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