U.S: S&P 500 profit margins peaking?
Market Watch Q4 earnings season has officially begun with Alcoa reporting yesterday afternoon. With just over 5% of S&P 500 constituents having already reported, market analysts estimate that Q42011 S&P 500 earnings will grow approximately 8% y/y. Expectation have been reigned in since late September 2011 where bottom up estimates were at 18% growth in EPS. Investors have been at the mercy of an overflow of downward earnings revisions and the worstpreannouncement season so far this
