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The Ugly Reality Of US Earnings In 3 Simple Charts
Does this look like the earnings picture painted by a thousand talking heads on financial news networks?
As Goldman reports,
The positive 3Q earnings surprise is in stark contrast to negative revisions to consensus 4Q 2014 and 2015 earnings forecasts.
Consensus 2015 EPS estimates for the Energy sector fell 3% in the last week alone.
Forecasts for most other sectors are also falling but the magnitude of revision is smaller.
So apart from that - yeah, earnings look great!!
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But then what do fundamentals matter anyway, when we have "Mr. Bullard" to reassure the market...
Which is odd, because bonds and credit seem to be 'understanding' the fundamentals...
* * *
Trade accordingly
Charts: Goldman Sachs and Bloomberg
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theyve gone full bullard
"Never go full Bullard." - A full retard
Nothing a few trillion won't help the march to 2400.
Print motherfuckers, Print!
Always go full Bullard, Bitchez.
:)
Time to do a couple of lines of fairy dust.....
God. How foolish. It's not what is, but what they say. Everybody knows that.
The crew over at CNBC have been raving about earnings. I trust them because they have a news desk right there on the floor of the NYSE.
p.s. - hoping I can 'nail the number' on one of these jobs report Friday's and get a shirt signed by all of my heroes.
The NYSE is a financial news desk "stage".
I prefer watching the Three Stooges myself it's more realistic.....
One word BULL SHIT well two
So bullish it hurts!
The stage is the NYSE........it REALLY does not exist any longer..........sadly.
Yep the real biz is done by the machines in Stanford conn.
what is the green line and the red line on the bulltard chart saying to the american investor?
"i'm squishing your head"
"in 3 simple charts". Um. Theres 5 and as for simple...
That's if you have a job.
What’s all the worry? King Obozo will Executive Order the earnings back up to where they are supposed to be!
Chart # 4 says it all---the red line is before Viagra and the green line is after Viagra. The entire economy is on Viagra and it has been more than 4 hours, so it is time to call my Doctor. Hello, Dr. Krugman, it seems your prescribed temporary economic stimulus erection will not go away.... in fact everyone I know is having the same problem in Japan, EU and China. What should I do Dr. Krugman ? " Not to worry, deficits don't matter as long as we have the reserve currency. So take an aspirin, go to bed. and enjoy it while you can. "
We need another Doctor