What Lies Ahead for Earnings Growth?

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Nov. 11 (Bloomberg) -- Wells Fargo Management Equity Strategist John Manley discusses corporate earnings growth on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Earning season winding down.

What is your sense of how we have done thus far jacob i think it is pretty good.

People could still be pleasantly surprised.

You could still see improvements.

I think the quarter will be up five-six percent year-over-year.

Earnings expectations have been rising as you go forward over the past several years.

I think there is no sign that is about to end.

Let's go ahead and take a look at the chart.

When you look at this, walk us through the chart, earnings expectations.

What do you take from the?

What are we looking at?

You cannot see the line that i am referring to.

What you see our individual years.

If you take all the people submitting estimates to the estimate services, what is that amounting to four s&p earnings going forward?

You start with 2007 and you can see what happened in 2008 and how things bottomed out in 2009 and 2010. what is interesting is the annual numbers have actually been sliding down a somewhat over the course of the past year.

If you take the forward number, that has been rising.

I think that is important.

It is a good sign for the economy and markets.

A good way to get profits without the economy positively at their back.

You can only fire me once.

We have also boosted productivity.

It is technology.

It is a two-way sward.

We have seen the negative aspects of it first.

People are being replaced because fewer people were needed to do job.

That means think her mental person you might bring on in the future will be more productive and can afford to pay them more.

That is a plus.

Don going to stay with us.

This text has been automatically generated. It may not be 100% accurate.

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