The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: GROUND ZERO™ who wrote (34044)	1/4/2011 8:57:12 AM
From: DebtBomb	Read Replies (1) of 71456

U.S. Stocks to Fall as Profit Growth Slows, Says Morgan Stanley By Adam Haigh - January 4, 2011 04:46 EST Jan. 4 (Bloomberg) -- U.S. stocks will fall by the end of 2011 as earnings growth slows, according to Morgan Stanley’s head of U.S. equity strategy Adam Parker. The Standard & Poor’s 500 Index will drop to 1,238 by yearend, a decline of 2.7 percent from yesterday’s close, according to a report dated yesterday by Parker’s strategy team. Companies on the benchmark for U.S. stocks will make $93 earnings per share this year and $98 in 2012, the report estimated. The bank’s forecast is the most bearish among 13 strategists’ forecasts tracked by Bloomberg News. “We see the risk-reward as skewed to the negative,” Parker wrote. “We are not sure at all that equity inflows will occur in 2011.” The S&P 500 rallied 13 percent in 2010, bringing the advance since March 2009 to 86 percent, as companies reported better-than-estimated earnings and the Federal Reserve pledged to buy up to an extra $600 billion in Treasuries to stimulate the economy. Its rally to a two-year high has pushed its valuation to 15.9 times reported profits, the most since June. bloomberg.com

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