Had a couple of emails about what analysts earnings projections are for the S&P 500 for 2009. One friend pointed out that according to Barrons this weekend the S&P companies analysts projected earnings adds up to 91 while the S&P economists have earnings projected of 62. So basically you have company analysts who cover say Microsoft who do not look at the big picture and in most cases have not lowered projections. There you have earnings of 91. The economists who look at the big picture and the index have 62.
Not sure where the 45 number came from in the article from last week.
I personally think 62 may be to high but that 45 is to low.
I recently just completed 1 year as a hedge fund manager (and I survived). Live near Austin Texas looking for investments that are undervalued and overvalued with an occassional trade thrown in. Graduated from Texas A&M University and worked in New York and Dallas for a couple of money management firms. I love the challange and the excitement you receive working for yourself.