http://www.gold-eagle.com/gold_digest_12/droke022712.html
“In a recent essay, Golub stated that without Apple's earnings, total U.S. corporate earnings growth goes from being in the mid-teens to only 2 percent. He told Keene that Apple's earnings "obfuscate" the underlying trend in corporate earnings, which he says is "really weak." He also pointed to stronger growth in foreign markets and high oil prices, both of which are good for S&P profits, along with a weaker dollar, as contributors to the profit trend.
Mr. Golub questions how the U.S. could have 2 percent economic growth in the face of 16-17 percent earnings growth. He reasons that cost-cutting and other corporate measures cannot explain the stellar earnings trend of the past couple of years. "If you take away that one name [Apple]," he says, "you get greater clarity on the fact that earnings are moving much closer with the direction of the economy."”
苹果这次的确出风头,其影响力大小依次是NDX,NASDAQ,SPX,难怪RUT落后。
而单一股票使股指走法变型是一个后患。 |