Strategists are struggling to figure out what stocks will do in 2023

It's that time of year again. Time to make guesses about where stock prices are going to be next year. It's the time of year when strategists provide estimates on earnings and prices. The big sport everyone follows is the 2023 year-end price estimates for the S & P 500 . This year, there is an unusually high level of cluelessness. By "cluelessness," I do not mean stupidity.

The same survey of strategists indicated earnings estimates for 2023 varied widely, but most expect earnings will be lower. The current estimate for S & P 500 earnings for 2022 is about $220. The average of strategists think 2023 will see earnings at $210, a drop of 4.5%. Once again, the range of estimates is very wide, from a low of $186 to a high of $230 . That's a range of down 15% to up about 5%.

Take my advice. Some stocks will go up, and some will go down. That will be $5,000,00.00 please.

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