Analysts are forecasting the highest fraction of companies to post year-over-year margin expansion in our data history, despite the already near-record profit levels today. The only thing one can say when looking at this chart of expectations (apart from – imagine the job losses needed to achieve this) is WTF?!
Chart: Morgan Stanley
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/QEzlDpWu79M/story01.htm Tyler Durden