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Strategies & Market Trends : Buffettology
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To: Investor2 who wrote (324)9/22/1998 11:28:00 PM
From: James Clarke  Read Replies (3) of 4691
 
Consensus Wall Street estimates for 1998 of $46.87 on the S&P, and most people think the third and fourth quarter still have to come down further. 1999 estimates have dropped hard in the last couple months, and now predict only 6% earnings growth to $49.73. And nobody is comfortable with that number. If you ask people what they really think, they're just hoping earnings don't keep declining through 1999.
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