Majority of the S&P500 companies have declared their third quarter earnings. There is a general observation that earnings are rebounding (i.e. going into positives instead of negative). Most of the companies are showing signs of stability. I have included two charts below taken from Business Week magazine.
Chart 1 shows the overall operating earnings of the S&P index companies. It shows the operating earnings were negative in last quarter of 2008. Since then, the operating earnings are slowing coming back and increasing quarter over quarter. continue reading rest of the article….