I have a few S&P500 earnings posts in the queue, but Bob Bronson’s chart was a good place to start. Bob notes that the S&P has finally updated their 4Q earnings, which (predictably) have collapsed.
If you recall my November Barron’s interview, the collapse of earnings was what prevented me from becoming too bullish then, even though we were expecting.
click for ginormous chart
chart via Bob Bronson Capital Management
The Barron’s Interview: A Leading Bear Turns Bullish, Sort of (December 7th, 2008)
(free version of full interview at Smart Money)
S&P heads to first quarter ever of negative earnings
MarketWatch, 4:29 p.m. EST Feb. 13, 2009