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S&P 500 earnings in 2012 will shatter records for the index, ING's Doug Cote predicts....

S&P 500 earnings in 2012 will shatter records for the index, ING's Doug Cote predicts. “Things are a lot better than most people think, because the fundamentals press on despite the global risk," Cote says, seeing a 12.5% rise to 1425 in the S&P index. “The level of corporate profits is at an all-time high and the S&P is still at 1267, and that's why you need to be in equities."
Comments (13)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    LOLOL!!! DRUNK!!
    28 Dec 2011, 12:04 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    Fundamentals improving? what? Zero to near zero interest rates are in play, massive bailouts all over the place (ECB, Fed with open swap lines, etc.) and now China entering into the deferred loan payment policies because borrowers cannot make interest payments on time. More debt is being issued to pay for old debt…..Exactly what fundamentals are improving?
    28 Dec 2011, 12:10 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    > Exactly what fundamentals are improving?

     

    Layoffs. Cost cutting.

     

    Not necessarily good for society, but great for corporate profits.

     

    All those laid off people better start buying stocks with all that money that they're not making, so they can share in the "recovery".
    28 Dec 2011, 12:17 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    I agree with the author. One thing that nobody seems to have picked up on is that a bunch of the companies put out some very negative forward predictions for next earnings season, and I think that the vast majority will beat those lowball numbers.
    28 Dec 2011, 12:16 PM Reply Like
  • mr clark
    , contributor
    Comments (624) | Send Message
     
    great corporate profits are at an all time high - why? govt subsidies especially for defense, pharma, health, oil, financials etc... oh yeah and China subsidies for WMT TGT HD FAST and all the other outsourcers...
    what about the 1 in 6 living in poverty??
    28 Dec 2011, 12:17 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    You might want to note that the definition of "poverty" now is about where lower middle class was in the 1970's. "Poverty" is as much a political definition as it is an income one, it all depends on where you set the limits at.
    28 Dec 2011, 12:33 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    > the definition of "poverty" now is about where lower middle class
    > was in the 1970's

     

    Inflation-adjusted? Got a link to back that up?
    28 Dec 2011, 12:47 PM Reply Like
  • Rickthegeek
    , contributor
    Comments (118) | Send Message
     
    I don't know what planet this guy is living on, but it is not this one.
    28 Dec 2011, 12:32 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    http://bit.ly/u9hckd
    28 Dec 2011, 02:05 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    Oh, that old stupid study. Which doesn't address actual income.

     

    Yes indeed, the standard of living in the U.S., at all socioeconomic levels, is higher than that of the rest of the world. This, as most conservatives would say when defending the rich, is a big part of what makes America, America.

     

    However, while some people clearly will not be happy until "poverty" in America means that people have to drink their own urine to survive, and until at least a third of the population falls into that category, the sane among us will continue to strive for more equal distribution of opportunity.
    28 Dec 2011, 02:13 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    And just to really get you fuming:
    http://bit.ly/w3nJXE

     

    :)
    28 Dec 2011, 02:19 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    Equating such things as AC and microwaves as not being poor when public supported housing MUST include these items is to not read/ignore HUD regs. 30% of the population is receiving some sort of federal assitance…close to 40% federal and/or state. Many state/fed regs mandate public housing incorporate certain items. Comparing US poor to say the poor in Haiti just doesn't work. You also seem to ignore inflation…. for some reason.
    28 Dec 2011, 04:00 PM Reply Like
  • monsieurmarket
    , contributor
    Comments (265) | Send Message
     
    Well mr Doug Cote how about passing on some of those fantastic market returns u r predicting to your ING customers. I used to get 3% on my ING savings account! I can't even get 1% right now.
    28 Dec 2011, 10:41 PM Reply Like
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