Saturday, July 18, 2015
Actual vs. Estimated Earnings Growth 2005-2015
It is time to put the doomsayers in their place. For so many years I've been listening to all the pessimists and their alarmist rhetoric about how we're about to fall off the so-called fiscal cliff. This graphic, published in yesterday's Ritholtz blog (& the Post & the Journal), is all the rebuttal anyone needs - a ten year history (yes, that means starting BEFORE the Great Recession) of all the dire predictions of where the economy was heading ... and then what actually happened. There does seem to be a rather definable trend of going negative despite the consistent evidence to the contrary. Is that because Wall Street by nature is cynical? Or are the negative prognostications deliberate in the hopes that the real results will have to be better and therefore drive the prices up? Judge for yourself ...
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