As the Chart of the Day (below) shows, S&P500 earnings have recovered from their harrowing 92% plunge back up to to near record levels. We are higher than the Dot Com earnings peak, and coming up on the Credit Bubble earnings highs.
I guess the economy must really be healthy, and this is nothing but a positive sign for the future. After all, what else could be the source of such magnificent profit gains . . . ?
Courtesy of Chart of the Day
Originally published at The Big Picture and reproduced here with permission.