With 96% of S&P 500 companies having reported for Q3 2010, the COTD provides some long-term perspective as to current earnings.
By focusing on 12-month, S&P 500 earnings 9as reported), the chart illustrates how earnings plummeted 92% from its Q3 2007 peak to Q1 2009 low. This brought inflation-adjusted earnings to near Great Depression lows.
Ahhh, how times have changed: Since its Q1 2009 low, S&P 500 earnings have surged 900%. They are now at peak dot-com bubble levels. The only time earnings have been higher than current levels for a 29-month stretch that occurred at the tail end of the credit bubble.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.