stocks is facing a formidable obstacle on the road to further records: profit growth

And S&P Capital IQ's chief equity strategist Sam stovall says, "the stock market has risen" point where we will go to, need to see improvement, economic and earnings growth, proved that the investor optimism. At the same time, stock analysts have cut the profit forecast in the second half of this year. Now Wall Street expectations in the third quarter earnings growth of 4%, fell 6.6% year on year, is expected at the end of June. Enlarge images image In the fourth quarter earnings also fell. Analysts now expect 11% earnings growth, which is at the end of June fell slightly, from 12%. Some market experts said such expectations are not realistic, should be paid 0.8%. Stovall said, tepid sales growth, and analysts have a special liking, at the last minute change our forecast, to later in the year of the possibility of more prospects downward revisions to high. , "he said:" over time, we will continue to work with the economy and a half


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