If we told you the S&P 500 has made $118 for three years running with zero growth, would you believe us?
Get on the Bear Traps ReportOn January 1st, Wall St. told us the S&P would make $124.25, but now they’ve come clean, they only expect $118, we’re at $113.
Earnings x Multiple = S&P Value
$118 x 19 = 2242
$118 x 18 = 2124
$118 x 17 = 2006
$118 x 16 = 1888
Ironically, it was the same story last year, $123.85 expected earnings, only to finish at $117.50.
$113 x 19 = 2147
$113 x 18 = 2034
$113 x 17 = 1921
$113 x 16 = 1808
It’s a magic act, stocks can rise for years without earnings growth, presto!
