What Today’s Oil Plunge To 2009 Levels Means For Earnings, In One Chart

Wednesday, August 19, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/19/2015

Moments ago, following the DOE report of an unexpected jump in oil inventories which caught all algos by surprise, oil plunged by over $1 to a price not seen since 2009. So what does this mean for S&P 500 earnings in general, and energy earnings in particular? Nothing short of a total wipeout as the following chart, showing energy EPS with a 4 month lag vs oil prices, from Citigroup reveals.

The Rest…HERE

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