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Companies Beating Earnings Tumbles To Lowest Since Q1 2009
While only a small sample so far, it is quite telling that despite the manic depression of earnings expectations heading into Q3 results, only 52% have topped revenue estimates (on aggregate missing expectations by 40bps). On the earnings side, the number of companies beating expectations plunged to its lowest since Q1 2009... sounds like another good reason to BTFATH...
Source: Barclays
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Easy Fix: Time to further lower expectations!!
I actually fully expected this.
Why Krugman didn't win the Nobel Prize in Economics for triumphs such as this is beyond us.
??!! I THOUGH THIS WAS ABOUT COMPANIES WHO PROMISE A BEATHING WHEN YOU BUY THEIR STOCK??!!
Earnings? Who needs phoney creative accounting earnings when we have the Bernank?
If it drops to 30 then I'm impressed.
Yup, for how long can companies show no real revenue increases and still prop up their bottom lines? Not forever! It's a WORLD OF DEBT!!! See Hilariious Music Video "WORLD OF DEBT":
https://www.youtube.com/watch?v=99xsqxzJnXs
Pretty much forever if they keep buying back their own shares.
You said "earnings" so no wonder it is a small sample.
All hilarity aside, s/p has 1800 printed all over it, easily by year end. Bernank on it.
Okay, so some companies made up some numbers out of thin air, measured in fiat made up out of thin air, and some of them failed to end up increasing their thin-air fiat by as much as their made-up number. And this is apparently bad news.
It's good that I'm not in economics, because I'm reminded of an old album by Supertramp..."Crisis? What crisis?" All they need to do is guess lower next time and the problem is fixed. Right? Right? Hello, is this thing on?
Since 2009 a company doesn't need earnings for its stock price to rise. Bernanke has software that compensates for earnings. Also laws are being changed so companies don't have to make it so apparent.
BTFD
If it were not for "one time charges" being excluded from results, the numbers would be even worse.
Fuck earnings.
Add POMO.
Watch the market rocket up.
weeeeeeeeeeeeeeee!!!!
That the Zimbabwe spirit!
It's all about the Fed. If it gets worse Old Yellen will set the QE lever higher. Obama will increase spending to expand government even more. I expect to see a $21 trillion debt number before King Obama leaves, if he does.
The democrats and the media blame the Republicans for everything and take control of house as well. With control of the Senate and House the democrats are free do as they choose.
"It's all about the Fed. If it gets worse Old Yellen will set the QE lever higher. Obama will increase spending to expand government even more."
As would Romney, if he got elected. Bush ran 500 billion dollar deficits to get himself re-elected in 2004. They all play the same game, regardless of party.
The EBT hijinks continue. The cards work now but have NO LIMIT on spending. Walmart hillarity ensues.
http://www.ksla.com/story/23679489/walmart-shelves-in-springhill-mansfield-cleared-in-ebt-glitch
Interesting that the welfare parasites think there will be no repercussions from overspending their EBT limit. Sadly they are probably right. Walmart at least should do well.
EBTers get the word out quickly and go on a spending spree. Buying food for friends and families on the governments tab.
Walmart created their own clunkers for cash program. Some MBA at headquarters just got a nice bonus.
RE:
Well that's one way to spur sales!
Finally, QE 4 people.
Earnings haven't mattered for some time now. The end of each QE has caused the market to drop.
Money flow is all that matters.
Companies could be all be losing money, but if the FED would up purchasing to 120 billion a month, the market would continue to rise.
Expect Old Yellen to be a Pail Krugman with tits and longer hair.
'the number of companies beating expectations plunged to its lowest since Q1 2009..."
Totally irrelevant. Markets are at or near all time highs. Fundamental and technical analysis no longer matters and probably counter-productive. We have QEternity. Only the creation of debt matters.
sunny
And when exactly did FASB ease their mark to market rules?
Must be bad when you can't even win by cheating!
All earnings will correspond to the Bernanke bucks graph....
Did you not get the memo?
Home Depot isn't scheduled to report earnings for a while, but yesterday when I was in the local Home Depot at 2:00 Sunday afternoon I saw something that was very unusual.
There were no cashiers at any of the checkout stands in front of the store. There was one cashier way down at the Lumber Department, but none at the main entrance.
The only way to pay for anything was to use one of the 4 self check out stations. And I didn't have to wait either. It looked like a ghost town
Another unusual thing I noticed while at the Sears store in the local mall. There was always a checkout stand at the main entrance, right in the middle of the tool department. But it was gone.
I asked how I was supposed to pay for some tools I wanted to buy, and then directed me halfway accross the store to the where the sheets and towels were.
It doesn't seem like this is something a company would do if things are looking up.
Doesn't matter, the algos LOVE IT! Market going up, up, up!
So frustrating... so sick of this shit.
They obviously didn't lower their 'expectations' of 'earnings' enough by the looks of it!
The games of covering up lower revenues growth has been going on for some time... how long can it go? Not forever...
WORLD OF DEBT!! See below:
http://www.youtube.com/watch?v=99xsqxzJnXs