Outlook 2011

It s the time for this again. Bloomberg lists the strategists forecasts for 2011.

Firm                 Strategist           2011 Close   2011 EPS
===============================================================
Bank of America      David Bianco           1,400       $93.00
Bank of Montreal*    Ben Joyce              1,350       $90.00
Barclays             Barry Knapp            1,420       $91.00
Citigroup**          Tobias Levkovich       1,400       $96.50
Credit Suisse        Douglas Cliggott       1,250       $91.00
Deutsche Bank        Binky Chadha           1,550       $96.00
Goldman Sachs        David Kostin           1,500       $96.00
HSBC                 Garry Evans            1,430
JPMorgan             Thomas Lee             1,425       $94.00
Morgan Stanley       Adam Parker            1,238       $93.00
Oppenheimer          Brian Belski           1,325       $88.50
RBC                  Myles Zyblock                      $88.00
UBS                  Jonathan Golub         1,325       $96.00
---------------------------------------------------------------
Mean                                        1,384       $92.75
Median                                      1,400       $93.00
High                                        1,550       $96.50
Low                                         1,238       $88.00

  * BMO’s forecast is a rolling 12-month projection.
  ** Citigroup’s estimate for S&P 500 profit is from Steven

So roughly 8.5% upisde from current level.

Last year's forecasts were pretty much spot on. With Median 2012e EPS currently at 102 it is not unreasonable to expect a new record for the S&P within the next 12-18 months. Time will tell.