Tag: S&P500 Earnings Estimates
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Overly Optimistic Wall Street
Wall Street earnings estimates for the general economy are always overly optimistic. This time last year, S&P500 full year 2015 earnings were estimated to be over $130…today those estimates have been revised down to less than $107. (See below chart: Declining Earnings Estimates) If the current estimates hold, then profits would be at a two…