Barron's Wall Street Forecast 2017:
Average of ten strategists:
S&P 500 2,380
non-GAAP S&P 500 EPS $127.19
2016 S&P 500 high 2,277
LTM S&P 500 non-GAAP EPS $101.46 (September 30, 2016)
So, 4.5% upside to market, yet 25% upside to earnings, Humm, not so optimistic on upside to market, but very optimistic on earnings.
Igy