Q1 S&P 500 earnings are toast

The latest numbers from Standard and Poors are even worse than yesterday.  Now, even Operating earnings are negative, not just as reported earnings.

Check it out here.  Link will open an Excel spreadsheet.

Notice the Operating earnings for Q1.  The total for the S&P 500 is now negative 56 cents.  As reported earnings are now down to negative $20.73.

And I just noticed that I’m even calling them “negative earnings”.  They are losses.

That’s why stocks are tanking.  Any questions?

gk

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