Earnings Growth BS

They keep talking about "number of consecutive quarters of >10% earnings growth".

I call BULLSH*T!

Over the last 3 quarters, the average GAAP earnings growth of SP500 is 4.67%, quarter over quarter.

That's a fine number, but it ain't >10%!

 

Yeah, > 10% is a stretch. Who is publishing that number?

 

I haven't seen it published at all. It's just the constant drone on CNBS.

 

In case you haven't figured it out by now the 10% is year versus previous year comparisons...not quarter to quarter.

 

Yes, S&P 500 earnings will be up > 10% Q2 2005 to Q2 2006. The few press releases i scanned were silent about the comparative periods they used, leaving people the chance to draw their own conclusions.

 

Thompson financials