In a volatile environment, it is helpful to take a step back and look at the bigger picture. There are serious problems with debt in the United States and Europe, which are representative of the negative side of the bull-bear debate. On the positive side, companies are doing well and the technical picture of stocks remains firmly in bull market territory. According to Bloomberg:
Read Full Article »Companies in the S&P 500 are poised to boost net income by 19 percent in 2011, including a 13 percent gain in the second quarter, according to analyst estimates compiled by Bloomberg. The gain will push profits back in line with their average increase of 6.9 percent over the last 51 years, data compiled by Brockhouse & Cooper Inc. and Bloomberg show. At the same time, the index is trading for 13.5 times projected 2011 earnings, 7.8 percent less than the average since the start of 2006.
