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The Big "Earnings Beat Expectations" Lie Exposed (In 2 Simple Posts)
Quarter after quarter, we are spoon-fed statistics 'proving' that everything is awesome trotting out the percentage of companies 'beating expectations'. However, as is widely-known 'inside' Wall Street, this is simply all smoke and mirrors. As the following two charts prove: every quarter, 'hockey-stick' hope starts off high, is then drastically reduced into the actual earnings period...
...which then rises during earnings to a level still lower than the pre-earnings period hope-fest...
and once again, hope is pushed off into the next quarter... just one more quarter.
And sure enough you can buy stocks safely on forward earnings expectations that the hockey stick is just around the corner!!
How many more quarters do we have to see this 'game' play out before there are no greater fools left?
Source: Deutsche Bank
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Here comes the Friday non-farm stick save algos mining VIX to a green close!
fucking pathetic aint it...
they really believe people r buying this shit...
fucking sociopaths...
fucking joke is what this country has become...
We are all guilty;we abandoned the moral principals given to us and now, after 150 years we are reaping the benefits of doing it "our way". Cheers!!
https://www.youtube.com/watch?v=oo9uN76LoL0
This article should also address the other Wall Street game of only looking at EPS, a number which is being engineered by equity buy-backs. The REAL comparator should be ACTUAL reported GAAP earnings. Remember GAAP?
Its all smoke and mirrors till somebody over doses. Well I have heard October as the month of total market ciaos but who knows.
total market ciaos
+1 Freudian slip.
" WHAT DIFFERENCE DOES IT MAKE "
Just One More Quarter
Sounds like the mantra for the hapless NY football team with uber-ugly uniforms.
"J-O-M-Q Jets! Jets! Jets!"
Jobs shock: 100% of female employment gains taken by foreigners since 2007 | Washington Examiner
All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.
The jobs data released by the Bureau of Labor Statistics showed gains in the "employment level" among "foreign born women" and losses among "native born women."
By Paul Bedard • 8/7/15 2:40 PM
http://www.washingtonexaminer.com/jobs-shock-100-of-female-employment-gains-taken-by-foreigners-since-2007/a
Once a fool always a fool. Who needs more (greater) fools? Aren't there already enough?
In fact I saw 10 on one stage last night.
Well, what do you expect from the Wall Street Con Market? Do you really expect the Richie Rich letting the suckers keep their "investments" plus a profit?
Get real! The sole function of the Wall Street Con Market is to make the Richie Rich a whole lot richer. They do that by CONNING the suckers or marks out of their hard-earned money.
Gee. Next thing you will be complaining about is that Las Vegas doesn't let everyone win in their casinos.
The "we sucked less than people originally thought" rationale in action.