S&P 500 Profits 86% Higher Due To Accounting Standards: BlackRock
With the year all but finished, the S&P 500 is up more than 15% and it looks like the bears have been proven wrong. But according to the BlackRock 2015 Investment Outlook, a lot of those gains came from accounting tricks, not actual business growth (h/t Zero Hedge).
“S&P 500 profits are 86% higher than they would be . . .
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