The S&P Index At 2900: The Biggest Wall Street/Fed Whopper Ever Told, Part 3

We have been cogitating on the gross anomaly of our time: Namely, the fact that pre-tax corporate profits of $2.2 trillion (annual rate) posted for Q4 2018 were actually a tad lower than they were 7 years ago in Q1 2012, yet the S&P 500 has gained 125% during the interim. To hear the talking heads of Wall Street tell […]