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Standard and Poors reports that nearly 75% of sales revenues are lower than last year's comparisons.
Sales declined $1.46 TRILLION from last year. An incomprehensible number, just to put it in perspective, if the decline in revenues were spread over all S&P companies, it would represent a loss of $29,200,000,000.00 (Twenty Nine Billion Two Hundred Million) per each of the 500 S&P components. Note: the average capitalization of all S&P 500 companies is roughly $19.7 Billion. The conclusion must be that anyone drinking the MSM Kool Aid that the economy is improving is simply deluded. And with the majority of revenues depending on the "consumer", this economy is in serious trouble. Feel free to go to the S&P web site and draw your own conclusions. Rating :
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Update on Earnings
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eyefo | Not rated | 31-Oct-09 11:50 am | ||
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warprofits | Rate it | 31-Oct-09 12:15 pm | ||
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The bad earnings seem to have been the final straw...
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investor_si... | Rate it | 1-Nov-09 08:25 pm | ||
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warprofits | (1 Rating) | 1-Nov-09 10:28 pm | ||
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warprofits | Rate it | 3-Nov-09 01:20 pm | ||
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also note...the pe for the s&p 500 is around 146.....
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wifrord | Rate it | 2-Nov-09 11:08 am | ||
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<<< btw board...im back...shorting BBY. >>>
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warprofits | Rate it | 6-Nov-09 06:16 am | ||
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BBY has almost attained my target of $42...
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mlevine44 | Rate it | 9-Nov-09 11:02 am | ||
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"Standard and Poors reports that nearly 75% of sal...
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mjchsf | Rate it | 2-Nov-09 11:14 pm | ||
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<<< Do you really believe that? >>>
No he ...
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warprofits | Rate it | 3-Nov-09 01:24 pm | ||
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>eyefo has huge short positions ...
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fanmailfrom... | Rate it | 3-Nov-09 09:03 pm | ||
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Does anyone get this? Is Half-Huge ...
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mjchsf | Rate it | 3-Nov-09 09:34 pm | ||
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warprofits | Rate it | 4-Nov-09 07:11 am | ||
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Higher margins of 7.78% limit bottom line dam...
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eyefo | Rate it | 3-Nov-09 03:36 pm | ||
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Thanks for the link. It's always good to...
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mjchsf | Rate it | 3-Nov-09 09:47 pm | ||
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warprofits | Rate it | 4-Nov-09 07:21 am | ||
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<Thanks for the link>
I always m...
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eyefo | Rate it | 4-Nov-09 09:26 am | ||
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warprofits | Rate it | 4-Nov-09 02:52 pm | ||
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I'm looking for S&P 500 o...
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mlevine44 | Rate it | 5-Nov-09 12:55 am | ||
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Look at those produc...
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mlevine44 | Rate it | 5-Nov-09 09:31 am | ||
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eyefo | Rate it | 5-Nov-09 09:57 am | ||
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warprofits | Rate it | 5-Nov-09 03:29 pm | ||
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warprofits | Rate it | 5-Nov-09 03:21 pm | ||
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eyefo and dav a...
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fanmailfrom... |
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5-Nov-09 04:44 pm |
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