Four reasons for an earnings upswing

Forecasts for corporate earnings are on the low side given current conditions ... so wait for the upswing.

In thinking about prospects for our market over the next 12 months, I presented a few reasons last week (IMF misses on global growth) why growth prospects for the global economy (or the upside risks) had improved.

For me, that fact alone suggests that consensus forecasts for corporate earnings over the next 12 months are probably too low, and so I see a little more value in the market than perhaps others do.

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