Nov 16 2009
Reported by Bloomberg for 3Q 2009
44% exceeded forecast
31% below forecast
25% within forecast
All markets went up across Asia, Europe and USA for about 2%
MyView
It is a myth that economic earnings leads the markets, actually it lags the market. Some of the fallacy assumptions most of the analysts predict is that the earnings will lead the share markets and it was proven wrong many times, as we compare quarterly results against the DJIA over the past 30 years. And it is also a fallacy that most economists or analysts tends to extrapolates a trend, which is also another myth.
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