Howard Silverblatt wrote:
Second Quarter 2017 S&P 500 GAAP EPS tracking at $27.47, funnily enough at the same level as 9/30/2014 when the S&P 500 closed the quarter at 1,972.29. Hard to understand why investors actually believe there is organic growth.
I can see how Igy and others might have misunderstood my reply. It wasn't formulated very well. So let me try again...
Investors believe there is growth because earnings are on the rise. They are within $0.01 of their all time high...a virtual tie. Not too shabby.