While 45% of S&P profits come from abroad, the impact of Euro-China has been small and the worst was priced-in at S&P 1,300
• S&P earnings estimates for 2013 are slowly inching down from above $110 toward $105, and that makes S&P 1,450 trade under 14X. Still very attractive!
• Energy sector is in a "sweet spot" feedback loop where booming domestic exploration and production raises supply, keeps prices stable and creates jobs
• US innovation creates the future - and tomorrow's profits - from technology, biotech and high-tech manufacturing industries to financials, retailing and energy................................................................
kde je Faber - Roubini a dalsi falesni proroci ?? Kujou zase pikle. Chudaci investori co je v Kvetnu poslechli :o)).
Realbull
