CHART OF THE DAY: Adam Parker 2012 Year End Outlook - Business Insider

 In case you didn't know, the S&P stands at 1457.

In a massive presentation on his year-end predictions, Parker explains why:

• Earnings growth is very poor.
• Earnings are volatile, and that's also ominous.
• Historically, extreme rates (both high and low) are bearish. Our current sub-zero interest rates are bad.
• Historic price-to-earnings ratios at this time of year suggest a downturn. "Investors are overpaying for cyclical earnings!" he exclaims, adding, "most industry groups appear to be over-earning right now."

 Probable Weighted Target is 1167 0r down ~20 %

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Read more: http://www.businessinsider.com/chart-of-the-day-adam-parker-2012-year-end-outlook-2012-9#ixzz26rPzEtqF