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Earnings so far dip to 2005 levels


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So earnings season, not quite over but mostly, shows yet another dip on falling top-line and stocks just keep on going up.  Cue another round of Central Banker stim drugs from the BoE this time under the guise of Brexit impacts (Carney must secretly be loving Brexit).  If you saw Carney's press conference have you ever seen a greater sign of desperation than the almost plaintive plea to people with a "great idea" for a business to go out and ask for a loan?  Truly a troubling sign.

 

If the most fundamental of fundamentals is not acted upon then what will stop the madness?

 

Check out this article for a view on earnings so far, the graph is telling.  I can't see any room for Fed rate rises here, indeed perhaps the reverse...

 

https://news.markets/shares/earnings-havent-low-since-2005-20867/

 

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