[quote]Ghost of Igloi wrote:
Squeeze them lemons:
"only 40.6% beat As Reported (GAAP) earnings estimates, and 48.2% beat sales estimates"
Don't forget this part:
"Takeaway stat: With almost three-quarters of the Q4 2015 earnings reported, 69.2% of the issues are beating estimates (slightly higher than the historical rate)"
Read more: https://www.letsrun.com/forum/flat_read.php?thread=5369837&page=472#ixzz3zbGi8uYO[/quote]
putting aside the estimate/actual game, sp500 earnings ex energy are still growing, even with a massive appreciation of the dollar.
When it becomes clear that the fed is not going to raise rates, the dollar should come back down, goosing profits.