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S&P 500 Earnings Stuck at 2011 Levels, Stocks up 87% Since

Monday, February 20, 2017 0:32
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(Before It's News)

wolfstreet.com / by Wolf Richter • Feb 19, 2017 

Grounded in some sort of new reality? LOL

The S&P 500 stock index edged up to an all-time high of 2,351 on Friday. Total market capitalization of the companies in the index exceeds $20 trillion. That’s 106% of US GDP, for just 500 companies! At the end of 2011, the S&P 500 index was at 1,257. Over the five-plus years since then, it has ballooned by 87%!

These are superlative numbers, and you’d expect superlative earnings performance from these companies. Turns out, reality is not that cooperative. Instead, net income of the S&P 500 companies is now back where it first had been at the end of 2011.

Hype, financial engineering, and central banks hell-bent on inflating asset prices make a powerful fuel for stock prices.

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The post S&P 500 Earnings Stuck at 2011 Levels, Stocks up 87% Since appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/19/sp-500-earnings-stuck-at-2011-levels-stocks-up-87-since/

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