S&P Has Been Rising With Negative Earnings Pre-announcements Since QE2 (Two Years Straight)
10/01/2012 03:33:00 PM
Look at this amazing FactSet chart via Business Insider today. As you can see, usually the market goes down when there are negative earnings pre-announcements (see 2007 and 2008). But ever since QE2 was announced by the Fed in August 2010 (and then Operation Twist and QE3), it looks like the S&P 500 and negative earnings pre-announcements have been rising in tandem for two years straight (except for Q1 2012). Wow.