Current 2009 Forecast for S&P 500

The the S&P 500 closed Friday at 868.60 ending a 5% gain for the week. As of Friday February 6 the current 2009 EPS estimate as reported by Bloomberg is $63.94, putting the estimated P/E on the market of 13.58.  Using the same $63.94 EPS estimate and a P/E of 15 (a little below the historical average) would put the S&P at 959, below the November 4th bear market high of 1005.75 and above the January 2nd top of 934.70.

S&P 500 2009 Earnings Estimates and P/E

Bloomberg: S&P 500 2009 Earnings Estimates and P/E, February 6, 2009

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