Chart Of The Day: Huge Drop Expected in Corporate Earnings

Chart Of The Day: Huge Drop Expected in Corporate Earnings

“Pre-tax earnings probably fell 9.5 percent in the fourth quarter from a year earlier, after dropping 5.1 percent in the third quarter, according to economists at JPMorgan Chase & Co. in New York. That would be the biggest decline since the 31 percent free fall in the closing months of 2008 during the height of the…