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Monday, May 18, 2009
3:36 PM TweetThis
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This news story has 16 comments:

  •  
    it seems no one cares
    May 18 03:47 PM | Link | Reply
  •  
    And for decades it has been preached that company earnings primarily drive equity prices. We appear to have a disconnect. Either there's soon going to be a big turnaround in earnings or stocks are advancing despite cratering earnings. Looking at economic growth, in general, I'd put my money on the latter scenario.
    May 18 03:47 PM | Link | Reply
  •  
    bernanke just told obama to tell geithner to tell blankfein to hit the TAKE button.
    May 18 03:47 PM | Link | Reply
  •  
    I saw this chart over the weekend. I wonder what Cetin makes of it.
    May 18 03:48 PM | Link | Reply
  •  
    Complete absolute waste of time, space, and bandwidth, as well as a great reason why SeekingAlpha needs some editors with knowledge beyond the embryo stage. Those EPS numbers are NOT comparable. Recent data reflects mark-to-market accounting, while earlier data does not. Apples to apples...even intellectual gerber babies like your writer should know that.

    cyclingscholar
    May 18 03:53 PM | Link | Reply
  •  
    How many times are the bears going to show this chart? I think somone is trying to throw some water on the fire under today's rally!

    Can bears throw?
    May 18 03:54 PM | Link | Reply
  •  
    An editor is like a censor, correct? I'd like the internet to remain free of people who think they know. I can always rely on people like you to point out the error on the chart, then look up the information and decide what I want to think.

    That is why SA is much better than the WSJ and the NYT where they have editors and journalists who don't understand markets and/or finance.


    On May 18 03:53 PM cyclingscholar wrote:

    > Complete absolute waste of time, space, and bandwidth, as well as
    > a great reason why SeekingAlpha needs some editors with knowledge
    > beyond the embryo stage. Those EPS numbers are NOT comparable. Recent
    > data reflects mark-to-market accounting, while earlier data does
    > not. Apples to apples...even intellectual gerber babies like your
    > writer should know that.
    >
    > cyclingscholar
    May 18 04:01 PM | Link | Reply
  •  
    Do you actually think a chart will discourage people from buying?

    Which party won in India, again?

    On May 18 03:54 PM Niner wrote:

    > How many times are the bears going to show this chart? I think somone
    > is trying to throw some water on the fire under today's rally!<br/>
    >
    > Can bears throw?
    May 18 04:05 PM | Link | Reply
  •  
    Which bad news? I thought the election in India was good news.


    On May 18 04:02 PM Cetin Hakimoglu wrote:

    > All this market can do is go higher. . it's immune to all bad news.
    May 18 04:08 PM | Link | Reply
  •  
    Harry, As if it matters, I don't always agree with you; but, and this is a great big . BUT, I agree totally with on this. And, I want to thank you for saying it. I would add. Be careful people what you wish for. YOU MAY BE THE NEXT ONE EDITED.


    On May 18 04:01 PM Harry Tuttle wrote:

    > An editor is like a censor, correct? I'd like the internet to remain
    > free of people who think they know. I can always rely on people like
    > you to point out the error on the chart, then look up the information
    > and decide what I want to think.
    >
    > That is why SA is much better than the WSJ and the NYT where they
    > have editors and journalists who don't understand markets and/or
    > finance.
    May 18 04:14 PM | Link | Reply
  •  
    The chart itself is accurate - but if you think for a minute, it is averaging in some colossal losses by banks, if you zeroed those out (ie, if they went bankrupt or removed from s&p) i'm sure you'd get a scary but more reasonable chart.
    May 18 05:05 PM | Link | Reply
  •  
    They could have put a chart of my cell phone usage in there and it wouldn't have mattered. The majority of the people just read the headline. "Scary chart of the day: S&P 500 earnings decline over the last 20 months. " Scary does not conjure up good feelings for me and sure for others and earnings decline is not a positive thought.

    My question is why did they run this "Scary......S&P earnings decline" story twice. They don't run every story twice.

    I'm just as skeptical about their intentions as you are about whoever.

    The Bulls try to accentuate the positve news and discredit the Bears. The try to accentuate the negative and discredit the Bulls. And, both sides will throw a bucket of water on the others fire every chance they get. I think the "Scary" headline being ran twice was a bucket of water from a Bear or Bears. The chart was meaningless and I'm a little bit surprised you mentioned it and not the headline.
    May 18 07:51 PM | Link | Reply
  •  
    I often do not agree with myself.

    Censorship, however, is counter-productive.


    On May 18 04:14 PM Niner wrote:

    > Harry, As if it matters, I don't always agree with you; but, and
    > this is a great big . BUT, I agree totally with on this. And,
    > I want to thank you for saying it. I would add. Be careful people
    > what you wish for. YOU MAY BE THE NEXT ONE EDITED.
    May 18 08:37 PM | Link | Reply
  •  
    Well, being bearish, I think the graph did add a bit of skeptism. It doesn't matter much since the market moves with or without reason. The only question is how long it can stay up without solid fundamentals, not whether it will come down. For all we know, it could go on forever if uberinflation kicks in. Then, drops in earnings mean nothing as the dollar drops like a rock.


    On May 18 07:51 PM Niner wrote:

    > They could have put a chart of my cell phone usage in there and
    May 18 08:54 PM | Link | Reply
  •  

    How long did it say up during the housing bubble, the tech bubble. My persnal opinion is it could continue upwards until the next bubble bursts. The market is not rational. Any attempt to judge or guage the market based on reason is futile. It could just as easily drop like a rock tomorrow or skyrocket back to old heights.

    On May 18 08:54 PM Illusional Delusion wrote:

    > Well, being bearish, I think the graph did add a bit of skeptism.
    > It doesn't matter much since the market moves with or without reason.
    > The only question is how long it can stay up without solid fundamentals,
    > not whether it will come down. For all we know, it could go on forever
    > if uberinflation kicks in. Then, drops in earnings mean nothing as
    > the dollar drops like a rock.
    May 18 10:06 PM | Link | Reply
  •  



    On May 18 04:01 PM Harry Tuttle wrote:

    > An editor is like a censor, correct? I'd like the internet to remain
    > free of people who think they know. I can always rely on people like
    > you to point out the error on the chart, ......


    Ahhh..I see what you mean. That is a good point about the self corrections in a forum such as this; my point about mark-to-market may, in its turn, be corrected. (after all I am not an accountant).

    cyclingscholar
    May 19 11:05 AM | Link | Reply
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