The stock market is pricing in a drop in earnings - understandably, perhaps - but what if it...

|By:, SA News Editor

The stock market is pricing in a drop in earnings - understandably, perhaps - but what if it doesn't happen? Eddy Elfenbein asserts that in the event of an earnings multiple, which is hardly excessive, a 2012 year-end S&P 500 target of 1723 is reasonable.