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S&P Earnings Expectations Tumble 15 Days In A Row - Longest Streak Since Financial Crisis
While stocks surge ingloriously on the back of a credibility-less Fed (and hope that PBOC, ECB, BoJ will unleash QE-moar)...
S&P 500 forward earnings expectations are down 15 days in a row - that is the longest losing streak since the financial crisis. In fact, S&P 500 earnings expectations are down over 2% year-over-year.
The last time earnings growth expectation swung from positive to this negative was August 2008... and we know what happened next...
Charts: Bloomberg
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bullish
Absolutely best news eva.
BTFD
Times are bad, war, social unrest... look, look over there -- hurry, hurry STAR WARS MOVIE.
I hear it's called Niggas Cap Da Empire.
It's bullish as long as the expectations are lowered BEFORE earnings announcements. Then they can say LOOK, we beat expectations!!!
Is no problem. Fed!
No problem, has no effect on the price when manipulation is involved.
While stocks surge ingloriously on the back of a credibility-less Fed (and hope that PBOC, ECB, BoJ will unleash QE-moar)
Perfect summary of current state.
So, just to be perfectly clear - you're comparing a chart where the earning go from $126 - $124, with on that has earnings go from $100 - $64.
Cracking analysis.
96 to about 90 by around Oct 20th 2008 by the chart above, and it kept going thereafter. ZIRP has likely helped keep EPS up by reducing the denominator. Still early in the earnings season.
Hey man! Stop harshing my melodrama!
The employees forgot the eggs on the man's sandwich.
Receiving the wrong order is frustrating, but it is never a good enough reason to make violent threats. According to M Live, a man in his 40s threatened to burn down a restaurant in Flint, Mich., and shoot its employees last week. Why? Because they had forgotten the eggs on his sandwich.
http://www.msn.com/en-us/foodanddrink/restaurantsandnews/man-threatens-t...
American's are 'exceptional.'
Barry Hussein said so.
Did he get the eggs on his sandwich?
Yep, because only the US has people who are crazy/violent. Also, just being in Flint Michigan is well enough to cause 1 to fly into a homicidal rage.
Maybe there's more to the story. Hypothetically, this coulda been the umpteenth time he was stiffed on his eggs, after numerous
requests, that were met with apathy and derision. Then this time he lifts his bread to see if he finally got the eggs, only to find
an egg colored post-it note saying "Yo Mamma". Well of course he could not let this stand, and thus we have our headline.
a month or two to go before the end of the stock market as we know
SP just got the greenlite to add on another 5% at least.
Yeah, but 2008 was pre-QE. This current rally is essentially front-running further QE.
Here's how Wall Street actually analyzes this data:
https://www.youtube.com/watch?v=L8oAQOvOEXY
moar buybacks can fix this
Nah, not bad enough.
I haven't gotten laid for over 15 days in a row. My expectations have tumbled.
Pump and dump it my friend...
But after 15 days I think I should warn you that it sometimes spits in your eyes, so wear safety glasses...
Thank you for the fine thoughts following a hearty lunch.
BTW - why do we assume he is a he?
Yep, all we need is Moar QE, Moar free money, Moar rigging of markets...
MOAR, MOAR, MOAR!!
Two more days and I'm going Keltner Channel Surf all over this one.
https://www.youtube.com/watch?v=ovHT4ik8JVA
classic example of chart maniupulation to prove a person's theory.
I could be wrong here, but isn't the scale of change in forward SP earnings significantly different than 2008. It looks like in 2008 for every 100 point move in the S&P, earnings moves 5 points, while in 2015 every 100 point move in the S&P results in earnings moving 1 point.
Anyone want to comment or provide further insight?
S&P earnings will be around $115. At 15 times that is 1725 S&P index. Oil comanies and related are going to tank (no pun intended). Just like Walmart and Chipotle and so many others recently, the blood is going to run in the streets.
Ooopppsss. Didn't see that coming. Get out there and buy, buy, buy!!!!