The folks at Chart of the Day have updated and reissued their look at corporate earnings, see below. Their reference to the dot-com times suggests peak levels which would be bearish for the next direction. One could argue that the drop was overdone and artificially caused by the real estate and banking debacle. Then again, the economic recession does appear all too real. So can these earnings levels be sustained? That's the risk. And note when they refer to 13 months, that's one version of a Fibonacci number, hmm ... So take a look at what they're showing, from Chart of the Day:
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Chart of the Day - Corporate earnings at dot-com peak level
Notes:
- Where's the Dow headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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"There will always be bull markets followed by bear markets followed by bull markets." - John Templeton
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August 30, 2010 - US Open tennis tournament begins (ends September 12th)
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