Predictions for 2013 – Part Two
In case you missed it, here’s part one of our predictions for the year ahead.
Last week I framed the basic secular and cyclical backdrops. From that, I then made a few calls on the three major asset classes: stocks, bonds, and real estate. Today we’re going to look at some more obscure and specific predictions. I always hate to use the word “action” in conjunction with making predictions, but a few of these will be a bit more “actionable” than what we discussed last week.
4. The world (of earnings) is flat.
According to Standard & Poor’s, 2013 earnings are estimated to come in at 100.71. You can go look it up yourself.
This is pure madness. Madness!
Right now, 2012 earnings are set to come in around 87.10.
15% earnings growth? Are you serious? 2012 earnings hardly grew over 2011. And 2011 grew 12% over 2010.
No way do S&P Reported earnings top $100/share. In fact, I don’t think they get above $90.
