With Press Like This It Feels Like 1999

From the AP today:

“Despite the onslaught of negative economic news this summer, they have barely reduced their estimates. The current forecast for the S&P 500 is an increase of 46 percent this year, then 14 percent on top of that in 2011. Such jumps would mean profits rising above their all-time high in 2006 during the boom. Not surprisingly, analysts are equally bullish on individual stocks. There are 9,936 analyst recommendations on stocks in the S&P. More than half, or 5,277, are recommendations to buy the stocks, according to Thomson Reuters. There are just 508 recommendations to sell.”

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