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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 334.36-0.3%Dec 16 4:00 PM EST

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To: Boca_PETE who wrote (6726)11/7/2011 9:40:30 AM
From: gronieel21 Recommendation  Read Replies (1) of 10065
 
Happy days are here again for S&P 500

November 7, 2011, 9:31 AM

Recession fears or not, based on Corporate America’s latest financial results, happy days are here again.

With nearly 90% of S&P 500 companies having reported, the third-quarter earnings season is on pace for a record, according to Bespoke Investment Group.

S&P 500 SPX companies are on pace for overall earnings of $25.42. The four quarter trailing earnings total $94.77, topping the old record of $91.47, which was set in the second quarter of 2007.

Based on current earnings forecasts, the S&P 500 is trading at 11.6 times next year’s earnings, according to Bespoke.

-Tom Bemis
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