In conclusion, with the U.S. and Chinese economies demonstrating a reacceleration in growth and with some stabilization in EU growth, there is now evidence that global economic growth is slowly reversing the first half of 2012's weakness.
Fears of an economic cliff are overblown.
But the Earnings Cliff Remains
I have tried to respond to the hyperbole of the cliffs with hard-hitting analysis and solid logic of argument, which has led me to a contrarian view on the cliffs' impacts on the equity market.While I remain concerned about the prospects for U.S. corporate profits, one out of four cliffs ain't bad. In my view, the earnings cliff creates a limit and ceiling (1450-1470) to the near-term upside to U.S. equities into early 2013, but I see the S&P 500 moving toward that ceiling as it becomes more clear that the cliff fears are overblown.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV