A month ago, I came across a post in a stock trading forum.
It was suggested "The market expects a YoY earnings contraction of approximately -7%. Since this is expected we assume its baked into current market prices. A smaller contraction (or indeed expansion) will be a win for the bulls."
Any idea why the poster has so far been 400pt wrong?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-11814
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