S&P forecasts 32% YoY growth in 4Q10 aggregate profits for companies in the S&P 500, one of the highest quarterly growth rates on record for this universe of companies:
About half of the 500 companies in the S&P 500 have already reported earnings for the fiscal quarter ending 12/31/10 or earlier (but later than 9/30/10).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”