User 143167

Valuations Ahead, Not Behind

$74 on 2010 is too good to be true. The highest S&P500 earnings were around $90, with 35 from the financials and 55 from others. The financials will have only half of their best earnings in 2010, that is $18, so the non-financial earnings have to be $56 to make it $74, which means the non-financial operating earnings will make a historical new high in 2010! Day dreaming!