Down goes the Dow

Ugly Earnie(ings) wrote:

Tree faller wrote:

Nice to read some factual information.

Factual, but distorted non-GAAP EPS designed to fool Muppet posters on DGTD.

We weren't discussing EPS. Please pay attention.

Earnie wrote:

Earnings Growth: For Q3 2017, the estimated earnings growth rate for the S&P 500 is 4.9%. Eight sectors are expected to report earnings growth for the quarter, led by the Energy sector.

Earnings growth has been steady and true. Stocks had been considered highly priced, but that is starting to change given the new earnings metric. This is beyond debate.

Ah, excuse me. Then how come last twelve months S&P 500 GAAP EPS is $1.96 a share less than 9/30/2014 when the index was trading at 1,972.Do you really know anything, are you just a sap?

Chris Michaels wrote:

Earnie wrote:

Earnings Growth: For Q3 2017, the estimated earnings growth rate for the S&P 500 is 4.9%. Eight sectors are expected to report earnings growth for the quarter, led by the Energy sector.

Earnings growth has been steady and true. Stocks had been considered highly priced, but that is starting to change given the new earnings metric. This is beyond debate.

Al Michaels wrote:

Ah, excuse me. Then how come last twelve months S&P 500 GAAP EPS is $1.96 a share less than 9/30/2014 when the index was trading at 1,972.

Do you really know anything, are you just a sap?

It's not. Estimated last 12 EPS for 3Q2017 is $1.91 more than 3Q2014 and the highest ever.

3Q 2017 ends in 19 days.

What is it about the word "estimated" that you don't understand?

Also that's obviously the best number to use for your cherry picked scenario.

Are there no limits to your dishonesty?

Hurricane to hit market?

Any dip associated with the hurricanes is likely to be brief before the market rebounds.

Gruntz wrote:

What is it about the word "estimated" that you don't understand?

Also that's obviously the best number to use for your cherry picked scenario.

Are there no limits to your dishonesty?

Let's talk dishonesty. On 6/30/2016 the 2017 S&P 500 EPS was estimated at $134.05, today that estimate has been marked down to $126.96, however the last twelve months GAAP EPS is only $104.00.

You sir are cherry picking a rotten bushel of fruit.

What do you mean "only $104.00"? That's the second highest number in history. And the estimates for the coming quarters are all in record territory.

Huh?? wrote:

What do you mean "only $104.00"? That's the second highest number in history. And the estimates for the coming quarters are all in record territory.

Huh, I suppose you like paying more for things. I have some well worn shoes that I bought for $95, how does $125 sound?

That number is earnings per share. Higher is better.

I'm surprised you didn't know that. Are you really a CFA?

Higher E is only better if P has not risen at a faster rate. Even a non-CFA should be able to figure that out.

How my worn shoes for $125?

I heard your math skills weren't very strong, so allow me to explain this as simply as I can:

In an atmosphere of rising earnings as we have now, EPS will rise as long as earnings rises at a faster rate than price. Get it?

It's all good.

Huh?? wrote:

I heard your math skills weren't very strong, so allow me to explain this as simply as I can:

In an atmosphere of rising earnings as we have now, EPS will rise as long as earnings rises at a faster rate than price. Get it?

It's all good.

Let me explain it to you. That is not happening. My math skills are much better than your reading comprehension.

Sap sucker wrote:

Any dip associated with the hurricanes is likely to be brief before the market rebounds.

That is true -- yet it is worth knowing if it seemed likely a dip was coming.

For example, avoiding a 3% dip on $2 million in retirement savings would save you $60k -- no tiny amount.

It seems the question has been answered -- no dip. In fact, the market is way up today.

Capitalism does love a good catastrophe. Let no crisis go unexploited.

Grunting wrote:

Huh?? wrote:

I heard your math skills weren't very strong, so allow me to explain this as simply as I can:

In an atmosphere of rising earnings as we have now, EPS will rise as long as earnings rises at a faster rate than price. Get it?

It's all good.

Let me explain it to you. That is not happening. My math skills are much better than your reading comprehension.

It's ironic that you question my reading comprehension given your apparent inability to understand these simplest of concepts. Earnings are rising and so is EPS. You can remain in denial if you want, or you can join the rest of us in the real world.

Huh?? wrote:

Grunting wrote:

Let me explain it to you. That is not happening. My math skills are much better than your reading comprehension.

It's ironic that you question my reading comprehension given your apparent inability to understand these simplest of concepts. Earnings are rising and so is EPS. You can remain in denial if you want, or you can join the rest of us in the real world.

Yes you are a member of the real world, which I might add is universally wrong when it comes to investing. The facts are on 9/30/2014 S&P 500 LTM was $105.96 and the index closed that month at 1,972. As of 6/30/2017 with 98.5% of companies reported the LTM stands at $104.01 and the index closed that month 2,423. So LTM EPS has declined by 1.8% and yet the index has climbed by 22.9%. The rise in the market can be explained simply, investors are willing to pay more for a unit of earnings. You are just an investor sap, just like it always will be, now and forever.

Huh?? wrote:

Grunting wrote:

Let me explain it to you. That is not happening. My math skills are much better than your reading comprehension.

It's ironic that you question my reading comprehension given your apparent inability to understand these simplest of concepts. Earnings are rising and so is EPS. You can remain in denial if you want, or you can join the rest of us in the real world.

Here is your real world.

Correlation to saps maybe?