Revising Earnings Down

(1) Cutting EPS by $3 for 2016 and 2017. (2) Hanging onto secular bull targets for S&P 500. (3) Oil and dollar clobbered 2015 earnings. (4) Worst may be over, but oil and dollar won’t give back what was lost. (5) The problem looking forward is weak revenues growth caused by weak global growth. (6) Why is profit margin at record high, and can it go higher? (7) Financial engineering likely to continue boosting EPS. (8) Sorkin says booming M&A may be sign of trouble and a market top. (9) On the ramparts watching for a recession. (10) Ben Bernanke is the Great Moderator. (11) Central monetary planners favor a kinder, gentler capitalism.