When it comes to company earnings estimates, analysts tend to be optimistic. The U.S. is probably in the midst of a recession, spurred by the credit crunch, yet analysts' earnings estimates for 2008 are very rosy indeed — not a single sector is expected to experience a down year. Below, consensus earnings growth estimates for 2008, versus earnings growth in 2001.
|Industry Sector (S&P 500)||Recent 2008 S&P 500 Estimates (Bottoms Up Operating Earnings)||Reported S&P Earnings During the 2001 recession|
|Source: The Leuthold Group|