Earnings Recession Over

(1) Five-quarter earnings recession ended during Q4-2015. (2) Earnings rebounding this year along with oil prices. (3) Excluding Energy, S&P 500 revenues growth never turned negative. (4) Three different measures of earnings per share. (5) Profit margin continues to fluctuate around record 10% level. (6) Forward earnings and revenues moving higher, and could soon be making new record highs. (7) No recession in leading indicators. (8) Coincident indicators at record high. (9) Fed officials are split and have split personalities. (10) Williams issues an unusual press release. (11) Fischer says mission almost accomplished. (12) Waiting on Yellen to stop our heads from spinning from all the talking Fed heads.