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

|By:, SA News Editor

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."