Barry Ritholtz recently featured one of our charts over at his site, showing how dramatically projected earnings for the S&P 500 had changed from what had been forecast near the beginning of this year.
Unfortunately, the chart was based on the data available to us back on 12 February 2009 - the situation we showed then, shall we say, changed quite a bit. The forecast has gotten a lot worse and, in our own terminology, the earnings bucket has gotten deeper.
So, in the interest of mapping the change in investor expectations of corporate earnings over time, we're presenting our updated chart with all the data available to us as of this writing on 26 February 2009 (click the image to the right for a full-size version.)
In the chart above, we've shown how forecast earnings per share for the S&P 500 has changed since we last looked at where they were at as of 12 February 2009. And yes, that's correct - the outlook for S&P 500 earnings has changed that much in the past two weeks.
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