Loading ...” Parker said the bar has been set so low for companies that they would most likely beat estimates.”
The way I read this confession by a JPM spokesman is admission to the fact that companies always, or mostly so, beat their earnings estimates because they are set so artificially low, and the numbers stretched beyond any believable (read accurate ) measure as to be useless. So what does JPM wish companies to announce that would be positive news….what they ” think” the future will hold.
What is next? A palm reader or perhaps a set of Tara cards ? I continue to be amazed at what the investment community trusts as ‘trading information’ which is little more than smoke and mirrors at best. Well, at least someone finally admits it. The illusion continues……except at the Oasis, where some good folks with common sense still know how to call a spade a spade.
http://www.cnbc.com/2016/04/07/jpm-forget-earnings-heres-what-we-need-from-companies.html