Sunday, November 21, 2010

2011 Investment Outlook

This presented at the Advisors Money Show by Sam Stovall, Chief Equity Strategist for Standard & Poors...

  • During the April 2010 "correction" the stock market lost 16%.
  • Since that low the market has climbed +10%.
  • But historical patterns related to mid-term elections suggest that the market could jump 33%.
  • Typically, the stock market has gained 17% in year 3 of a Presidential term.
  • All of that suggests 2011 could be a good year for investments.
  • Currently overall consumer spending is around 2.4%.
  • But unemployment remains to hover around 9%.
  • Real inflation is 1.7% and is expected to be around this level through 2013.
  • Interest rates will remain very low.
  • Expect slow but steady economic growth.
  • Global growth is anticipation to be 3.3% while India/China growth is projected to run 8%.
  • Today global earnings per stock share are averaging $83. By 2011 is it projected to be $94.
  • Emerging markets still look to outpace U.S. growth.
  • In the United States, the ripple effect from Europe's sovereign debt issues, housing and foreclosure problems, unemployment and undecided tax policy will be a drag on U.S. economic growth.
Over the past ten years, S&P 500 Dividend Aristocrats have delivered a total return of 113%.
  • If you purchase quality stocks which offer +3% in dividends you will be able to beat inflation in the short term and accrue more money than if that money remained in bank or money market accounts.


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