"Full speed ahead"
Recall last week, that General Electric beat Wall Street estimates by posting "ONLY" a -12% decline in annual revenue. Were it not for soft forward guidance, the stock would have been up yuuuge...
This is what the average bag holding doorknob is told to believe:
"I just bought better than expected earnings!!!"
The chart Wall Street never wants us to see
I had to create this index myself, because aggregate revenue is not published anywhere on the internet. It's always stated per share to cover up stock buyback alchemy.
Here we see S&P 500 total revenues (revenues per share * divisor). Contrary to Idiocratic belief, revenues are going down again, not up.
If we can trust OPEC, then we can trust S&P 500 revenues: