9.2 C
New York
Thursday, March 28, 2024

This Won’t End Well

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With “safety” stocks at all-time record high valuations and the energy sector trading at over 100x forward earnings expectations, it should apready be clear that a Christmas miracle is what equity bulls are hoping. However, as the following two charts expose all too well, the voyage to the hoped-for hockey-stick in earnings – you know the one that is predicted to occur every time mother’s milk dries up – is rapidly falling down and to the right… This will not end well.

Expectations for 2016 S&P 500earnings started off at around $124 per share.. and are now at $117 (and the S&P is up on the year)

And the rolling 12-month consensus earnings expectations is reverting down once again as Q1 outlooks suggest anything but all-time highs for stocks…

h/t @Not_Jim_Cramer

So do you feel lucky?

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,451FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x