July 24, 2009 3:52 PM
Prieur du Plessis posts the Chart of the Day which shows a 98% decline in real earnings of the S&P since Q3 2007.
This makes it by far the largest decline on record (the data goes back to 1936). “In fact, real earnings have dropped to a record low and if current estimates hold, Q3 2009 will see the first 12-month period during which S&P 500 earnings are negative,” said Chart of the Day.
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