The trend in ‘actual’ earnings has been dismal.. but the trend in ‘hope’ has been exceptional. Will hope prove right?
The gap between ‘history’ and ‘hope’ is now almost 400 S&P points (and almost 5,000 Dow points) – With VIX heading towards single-digits, the market seems very sure that earnings will realize the ‘hope’ in a straight line.
This post was published at Zero Hedge on Jan 25, 2017.
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