“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman
Sunday, February 21, 2016
Did S&P 500 Companies With Higher Global Exposure Report Lower Earnings Growth in Q4? Ex-Energy?
For companies (ex-Energy) that generate less than 50% of sales inside the US, the blended sales decline is -7.4%.
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