Dumbfuck fake belief of the day:
"All of the profit decline is from energy companies...all other sectors are doing fine..."
WSJ: Oct. 25, 2015:
"Profit and revenue are falling in tandem for the first time in six years"
"Sales are on pace to fall 4%—the third straight quarterly decline. The last time sales and profits fell in the same quarter was in the third period of 2009."
Q3 Update:
Seagate revenue missNCR revenue missF5 networks revenue missMonster Worldwide revenue missSouthern Company revenue missMoody's revenue missExxon Mobil revenues missNXP Semiconductor revenues missBuffalo Wild Wings revenue missSamsung revenue missGoodyear revenue missJohnson Controls revenue missPraxair revenue missMastercard revenue missXcel energy revenue missPG&E revenue missAbaxis revenue missPaypal revenue missExpress Scripts revenue missGarmin revenue missAkamai revenue missWaste Management revenue missPaccar revenue missMicrostrategy revenue missUPS revenue missCummins revenue missThomson Reuters revenue missState Street revenue missPandora revenue missProcter & Gamble revenue missSkecher's Revenue missCaterpillar revenue missFreeport MacMoran revenue miss3M revenue missDow Chemical revenue missQuest DiagnosticsAmerican ExpressLas Vegas Sands revenue missAT&T revenue missHynix Semiconductor revenue missYahoo revenue missHarley Davidson revenue missChipotle revenue missJohnson & Johnson revenue missIBM revenue missMorgan Stanley revenue missHalliburton revenue missNetflix revenue missKeyCorp revenue missHoneywell revenue missGE revenue missIntel revenue missGoldman Sachs revenue missWynn revenue missPPG revenue missJPMorgan revenue missDominos revenue missEMC revenue missMonsanto revenue missYum Brands revenue missAlcoa revenue missAdobe revenue missIllumina revenue missDupont revenue missOracle revenue miss
"We can't afford higher wages"
"We can't afford revenues"Dow with Sales/Share:
The hardest landing:Wages...Revenues...Profits...Doh!Profits peak with the "Economy" aka. short-term interest rates
