Analyst has trimmed EPS for Q3 before the warning and after warning. Now they continue trimming into Q4 and 2014. Main problem for is poor weekly loading which is negative compared with 2012.
If you own CSX last year the same trimming happened over 1 year. Recently it is much better for CSX because better loading data.
I don't even care about target price, because analyst has been kept on raise TP. That's what happened in 2000 and 2006-2008. Why PE of SP500 stock is close to 20 when GDP is only 2% ????
CSX data was good.
What is the contribution of massive money printing during past 5 years QE1, QE2, QE3 to EPS of SP500 ?? 10%, 20% or 30%??