Two Important Numbers to Investors

This is an interesting way of looking at the American economy and the Stock Market.

American corporations earned $4.62 billion of net income on Monday. Financial advisors, analysts, and brokers, collected $630 million in fees. No media outlet reported these figures, despite being the two most important numbers necessary to understanding investing.

Also here is why economic numbers are viewed so differently:

A report from the Bureau of Labor Statistics showed the economy added 209,000 jobs last month. An economist from a right-leaning think tank called the report disappointing. Another at a left-leaning organization called it encouraging. Neither has a reputable track record. Both yelled. The jobs report has a margin of error of plus or minus 100,000, and will be revised seven times in the coming years. No one whose outlook was swayed by the report said they care about these details.

I swear economist is the only job where you can be wrong 90% of the time and still get paid by right/left leaning think-tanks. At least a weatherman is correct some of the time. Just not when you want to go to the beach.