Monday screencast: earnings ennui

• abnormalreturns
• August 30th, 2010

Today’s screencast is a follow-up to Friday’s screencast in which we discussed the sentiment situation.  Some more data and articles came out that point towards a build-up of bearish sentiment.  In particular, Barry Ritholtz notes how when Wall Street analysts become bearish it s worth taking note.  Analysts have reacted skeptically to better-than-expected earnings with the belief than weak revenue growth and a sputtering economy would eventually lead to disappointment down the road.

Posts mentioned in the above screencast:

Are Wall Street analysts contrarian indicators?  (Big Picture)

Wall Street analysts are historically bearish.  (Bloomberg)

Is earnings optimism for the S&P 500 justified?  (dshort)

Do P/E ratios matter any more?  (WSJ)

The “dumb money” is bearish.  (The Technical Take)

Stocks may be ready for rebound as bulls retreat.  (USA Today)

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