Replies to post #240 on SPX Elliott Waves (SP500)

[gdl]

FACTSHEET – dated August 2nd

For Q2 2019, analysts are projecting a decline in earnings of -1.0%
For Q3 2019, analysts are projecting a decline in earnings of -2.2% and revenue growth of 3.1%.
For Q4 2019, analysts are projecting earnings growth of 4.5% and revenue growth of 4.0%.
For CY 2019, analysts are projecting earnings growth of 1.9% and revenue growth of 4.4%.
For Q1 2020, analysts are projecting earnings growth of 9.0% and revenue growth of 5.7%.
For Q2 2020, analysts are projecting earnings growth of 10.7% and revenue growth of 6.5%

The earnings picture for the whole year of 2019 is 1.9% projection WOW! BUT it gets much better: The first TWO quarters of 2020 we already expect a whopping earnings growth of 19.7%. If that isn’t a huge number and huge bubble in the making I don’t know what is. Imagine having to keep this market near or at new highs while the next quarters is expected to drop over 2 percent? But wait the 4th quarter has return of 4.5%. WOW! That convinces me. BUT waiting for the 20% surge in first two quarters of 2020? Got to be kidding me.

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These projections are BEFORE Trump declared all out war with China. Oh my. new highs in the charts in next 2 months seems a tad optimistic.