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Update on Earnings     31-Oct-09 11:50 am    
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.
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eyefo

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  Subject Author Rating Time of Post (ET)  
 
Update on Earnings
eyefo Not rated 31-Oct-09 11:50 am  
 
...
warprofits Rate it 31-Oct-09 12:15 pm  
 
The bad earnings seem to have been the final straw...
investor_si... Rate it 1-Nov-09 08:25 pm  
 
...
warprofits (1 Rating) 1-Nov-09 10:28 pm  
 
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warprofits Rate it 3-Nov-09 01:20 pm  
 
also note...the pe for the s&p 500 is around 146.....
wifrord Rate it 2-Nov-09 11:08 am  
 
<<< btw board...im back...shorting BBY. >>> ...
warprofits Rate it 6-Nov-09 06:16 am  
 
BBY has almost attained my target of $42...
mlevine44 Rate it 9-Nov-09 11:02 am  
 
"Standard and Poors reports that nearly 75% of sal...
mjchsf Rate it 2-Nov-09 11:14 pm  
 
<<< Do you really believe that? >>> No he ...
warprofits Rate it 3-Nov-09 01:24 pm  
 
>eyefo has huge short positions ...
fanmailfrom... Rate it 3-Nov-09 09:03 pm  
 
Does anyone get this? Is Half-Huge ...
mjchsf Rate it 3-Nov-09 09:34 pm  
 
...
warprofits Rate it 4-Nov-09 07:11 am  
 
Higher margins of 7.78% limit bottom line dam...
eyefo Rate it 3-Nov-09 03:36 pm  
 
Thanks for the link. It's always good to...
mjchsf Rate it 3-Nov-09 09:47 pm  
 
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warprofits Rate it 4-Nov-09 07:21 am  
 
<Thanks for the link> I always m...
eyefo Rate it 4-Nov-09 09:26 am  
 
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warprofits Rate it 4-Nov-09 02:52 pm  
 
I'm looking for S&P 500 o...
mlevine44 Rate it 5-Nov-09 12:55 am  
 
Look at those produc...
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  
 
eyefo and dav a...
fanmailfrom... 5-Nov-09 04:44 pm  
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Best Buy Co. Inc. (BBY)

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