By: Forbes Real Time
June 28, 2013 at 20:48 PM EDT
S&P 500 At 1850 By Year's End?
This week, the U.S. Department of Commerce’s Bureau of Economic Analysis reported its revised estimate of corporate profits for the first calendar quarter of 2013. The number -- $1.75 trillion – as well as the numbers from the past couple quarters are roughly 30% higher than the figures in the 2006 and 2007 timeframe. One would find a similar relationship narrowing the scope to the earning of just the Standard & Poor’s 500.
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