SP500 Earnings 2007 vs 2009....Down 98%

<p><big><small>It has been removed- but I retrieved it from my RSS aggregator.</small></big></p>
<hr>
<h2 class="entry-title">&nbsp;</h2>
<h2 class="entry-title"><a href="http://feedproxy.google.com/%7Er/TheBigPicture/%7E3/fNLY7JRDYMs/" target="_blank" class="entry-title-link">Inflation Adjusted SPX Earnings</a></h2>
<div class="entry-author"><span class="entry-source-title-parent">from <a target="_blank" class="entry-source-title" href="http://www.google.com/reader/view/feed/http%3A%2F%2Ffeeds.feedburner.com%2FTheBigPicture">The Big Picture</a></span> by <span class="entry-author-name">Barry Ritholtz</span></div>
<p><a href="http://www.chartoftheday.com/" target="_blank">Chart of the Day</a> provides this job dropping perspective on the current earnings environment: 12-month S&amp;P 500 earnings, relative to the peak in Q3 2007.</p>
<p>With 38% of S&amp;P 500 companies reporting Q2 2009 numbers, on a real basis, earnings have declined over 98%.</p>
<p>This is the largest decline on record going back to 1936.</p>
<p>The folks at <a href="http://www.chartoftheday.com/" target="_blank">Chart of the Day</a> note that if current estimates hold &mdash; and that&rsquo;s a big &ldquo;if,&rdquo; as&nbsp; they are most likely too low &mdash; then Q3 2009 will see the first 12-month period during which S&amp;P 500 earnings are negative.</p>
<p><span style="color: rgb(255, 255, 255);">&gt;</span></p>
<h3>Inflation Adjusted S&amp;P500 Earnings</h3>
<p><a href="http://www.ritholtz.com/blog/wp-content/uploads/2009/07/20090724.gif" target="_blank"><img height="340" width="454" alt="20090724" src="http://www.ritholtz.com/blog/wp-content/uploads/2009/07/20090724.gif" title="20090724"></a><br>
via <a href="http://www.chartoftheday.com/20090724.htm?T" target="_blank">Chart of the Day</a></p>
 
"Today's chart illustrates how earnings are expected (38% of S&P 500 companies have reported for Q2 2009) to have declined over 98% since peaking in Q3 2007, making this by far the largest decline on record (the data goes back to 1936)"



I expect to make 3 million USD trading next week too - doesn't make it fact.
 
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