The widening gap between the S&P 500 price and earnings estimates suggests either the market...

|By:, SA News Editor

The widening gap between the S&P 500 price and earnings estimates suggests either the market is being way too pessimistic or analysts are still too optimistic. FactSet's John Butters: "Although the bottoms-up EPS estimate for the S&P 500 decreased 6% during the quarter, the price of the index actually increased 12%." The last quarter that saw a similar combination was Q2 2009.