Browse Stacks: Analytics: Fundamentals: 20170814_EPS.png (791×461)
This chart shows those “adjusted” earnings per share for the S&P 500 companies (black line) and the S&P 500 index (blue line). Chart via FactSet (click to enlarge). I marked August 2012 as the point five years ago, and May 2014:
Fundamentals are for losers.
The reckoning is coming, that is for sure.