It is the most obvious: these estimates include 32% of companies that already reported and projections for others that are not reported yet. 32% present sizable sample pool and it would be unreal if final result drops to zero as your sources expect.
Btw, my "doing" here is zero. It is all literal quotes.
It is the most hilarious, son, that you continue this "dictionary quest" while the rest of the board, excluding pio aliases, laughs at it and waits for the next round.
Do you real miss this entertainment effect of your incessant references to the dictionary?
I see that the word "practical" is beyond your limited comprehension. Of course, it is important only for those engaged in real investment actions.
It always makes sense to double-check numbers that Pio copy-and-paste from shadow info outlets.
See Reuters article from Jan. 29 "Zero profit growth expected for U.S. companies in first quarter"
First, as you see from the article the talk is about Q1 2015, not Q4 2014. Q1 expects to see huge drop in oil-related earnings that will cause negative impact on average numbers.
Start of quote
On Jan. 1, S&P 500 first-quarter earnings were forecast to rise 5.3 percent, including energy companies, and 10.5 percent excluding energy companies. On Thursday, that consensus forecast was flat from a year ago including the energy sector, and cut to 7.9 percent growth excluding energy.
End of quote
7.9% excluding energy. It is not too bad and one may continue investing while taking realistic approach to oil stocks. This divergence actually helps investors to beat S&P in Q1.
Let's go back to Q4; see in the same article:
Start of quote
To be sure, profit growth estimates for the fourth quarter have actually risen in recent weeks. With results in from 32 percent of the S&P 500, earnings for the quarter are expected to have risen 4.7 percent.
End of quote
4.7%. That's far from zero growth. Again, this number is average; includes oil.
Probably the word "practical" needs in clarification. Bull and bear are different animals, talking about investments. They suggest different patterns of trading. Of course, one may disregard the differences and do the same things all times. In general, it causes investment losses.
Analyzing market trends in practical terms, e.g. recognizing practical bullish and bearish periods in various sectors, may improve investment returns.
Gold price was also $250 15 years ago. Does it mean that it will be always in "bull market" as long as price is higher than 250? If the answer is "yes" as it is implied in your message then it makes any talk about "trend" impractical.
I guess that's the pivot. In practical terms, gold is in bear market, because it dropped steadily during last 4 years. In impractical way, it can be anything because last couple hundred years or any other long period present enough data to claim anything; all irrelevant to practical investment.
That's all right, Whompu. You like it and you use it. Perhaps, Wulf has problems with too many people here not because he posts charts or data. I guess you understand it.
Can't say anything definitive about gold demand now. It is never transparent. Probably, gold has better strength now than e.g. a year ago. Nothing goes eternal and bear market will end some day.
Too many ifs now. In general, gold price in 2015 will depend on U.S. economic numbers and Euro QE sentiments. I think that gold price will spend the whole year in 1200-1300 range.
Difficult to forecast, because of earning season underway. Hope, your portfolio has companies capable to meet or beat earning estimates. Market is unstable and every miss is punished disproportionately.
Anyway, I think that market goes sideways next week. Small gain in major indexes. S&P ends the week around 2010-2020.
I don't think that gold would be able to break 1300 and stay there. One day marvels are possible, but in general it will stay in 1200-1300 range.
Oil will give back late Friday gains. New recovery attempt will wait for prices around $40.
Euro will resume downtrend. Greek negotiations will continue for longer time, for a month at least. At some point yen could start showing weakness too, but it is too early for this now. Yen weakness will become better visible when oil price starts real recovery, at the end of this year.
Too bad, Pio. You could use all wisdom from kingworldnews and zilchedge and win it easily. LOL
Hope, Wulf and Sew will agree to demonstrate trading prowess by entering the contest.
I notice that few boyz express dedication to fair trading competition. On the other hand, it is impossible to have it fair based on message contents only, esp. referring to imaginary trades.
Therefore, I suggest again to have it fair: next week trading contest. The contestants submit entries, stock symbol, based on Friday closing price and we check results based on next Friday closing price.
This offer goes primarily to Wulf. Of course, it is open to Sew and Pio too. Also, it is open for anyone else. Prove that your drive for fair competition in stock trading is real.