Companies surprise on earnings in third quarter
Quarterly reports have come in above estimates, for the most part.
That's what dedicated workers are to CEOs who have run out of ideas - just overhead cost.
hmmm, but tell me this - out of the 500 largest company stocks, just how many companies provided a true indication of a healthy economy and rising stock market and a) beat on the top line, b) beat on the bottom line and also c) provided positive forward guidance????
hmmm ???? now that meager answer will be a surprise to one and all indeed ....
and those 2014 projections? they are based on 2013 trends extrapolated forward - no chance for that working. betcha the S&P now trades for over 20 times 2014 earnings ....
very much agree with the last sentence - good warning. but hey, what, me worry?
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