|It has been said that earnings drive the market. That may be the case but as of late it's been all downhill. Today's chart illustrates that S&P 500 as-reported earnings have declined over 60% over the past 17 months, making this the largest decline on record (the data goes back to 1936). In fact, earnings are currently lower than they were back in the mid-1960s.Notes:
- Where are earnings headed and what's it mean for the market? Find out right now with the exclusive and highly regarded charts of Chart of the Day Plus.
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