Chart: Reported Earnings Are Now Back to 1922 Levels, As In 88% Below Trend

Discussion in 'Trading' started by ByLoSellHi, Jul 22, 2009.

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  2. This is a post integrating the 'Landis, I Choose Not To Put Certain ET Members On Ignore, But Rather Stalk Them & Whine Like A Little Bitch, Because I Can,' preemptive strike:

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  3. What is real reported EPS?
     
  4. There was a huge charge-off 3rd or 4th quarter last year to bring the 12-month number to like $7. That's artificially low.

    The genuine number is likely $30-$40. Put a 15x multiple on that and the SP "should"(?) be trading at 450-600.
     
  5. .......Limbo lower, how low, can you go?.........:cool:
     
  6. ?......88% below trend? Is the original "trend" still intact or will a new trend-baseline be established? :confused: