A Wall Street Witches Brew——Hockey Sticks And Financial Engineering Games

In a nearby post Jeff Snider makes a clean kill of the sell side hockey stick. Just 22 months ago (June 2014), Wall Street projected GAAP earnings of $144.60 per share for the S&P 500 in 2015. Needless to say, that was off by a country mile. In fact, it was too high by 67%, but the […]