(1) Time to think about the end of next year. (2) A mini anxiety attack and mini relief rally. (3) The biggest relief may be better global growth. (4) Revenues outlook improving. (5) Analysts see upside for profit margins. (6) Raising our 2014 S&P 500 earnings estimate. (7) Now forecasting $120 in 2014 and $130 in 2015. (8) $130 x 15.5 = 2014. (9) Global leading indicators looking up for US, Japan, & Europe. Down for BRICs. (10) Good news out of China and Japan. (11) Europe’s recovery is a slow go.
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