(click on graphs to enlarge) TW: These graphs via the Big Picture blog, hit two of our themes. One, earnings generally suck and two the "reported" earnings are particularly bad. For those concerned about inflation and still talking about V-shaped rebounds and return to normalcy, I say "bah humbug". Earnings have cratered, much of what has passed for "earnings" year-to-date are accounting gimmicks related to mark-to-market etc.
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