pretty MFing good, little twang:
a little twang wrote:agip wrote:How are corp revenues doing growth-wise, agip? ;)
Why are you ignoring the fact that virtually every economic # from North America and Europe is unequivocally positive?
... corp earnings are growing well...I could go on.
Corporate profits were strong in 2013, with S&P 500 profits jumping an estimated 11% year-over-year.
With profit margins at record highs, some fear that we are due for some mean reversion, which could mean falling profits and tumbling stock prices.
However, Goldman Sachs' Jan Hatzius doesn't believe 2014 will see profits pull back.
"Profits are likely to accelerate in 2014, as GDP and productivity growth recover but wage growth picks up only gradually," wrote Hatzius in a new note to clients. "Eventually, the pendulum will swing back in the direction of lower profits, but probably not until the labor market has recovered sufficiently to push up hourly wage growth up to 4% or more."
you are probably alluding to profit growth estimates for 1Q 2014 being only mid single digits YoY - well, we'll see how they actually turn out. but that is just one quarter - the longer trend is double digit growth.