Tag Archives: Q1 2013 earnings

Earnings-Price Divergence Always Followed by Negative Returns

Posted on April 14, 2013 by

I recently wrote about the extreme divergence between earnings and equity prices, but did not have access to comprehensive historical earnings data until recently.  In the article above, I referenced the past few years of earnings data, which was provided … Continue reading →

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Posted in Economic Indicators, Fundamental Analysis, Market Commentary, Market Timing | Tagged , , , , | 5 Comments

Extreme Divergence: Earnings and Equity Prices

Posted on February 20, 2013 by

Earnings are the ultimate driver of stock prices and the divergence between earnings expectations and equity prices has become even more extreme.  Given that the market is technically overbought, implied volatility is extremely low, the CBOE Skew Index is over … Continue reading →

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Posted in Economic Indicators, Fundamental Analysis, Market Commentary | Tagged , , , , | 3 Comments