Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
The following chart is perhaps the best glimpse of the excessively optimistic 'hope' relative to the rest of the world that US equity markets (and their extrapolators analysts) currently possess. Since the start of 2012, analysts, guided by both macro uncertainty and company expectations, have crushed 2013 EPS expectations across all global markets – well nearly all…
So far US EPS has held up relative to the Resof the World…
How do you think investors in Japan felt when all of a sudden 'expectations' were slashed – as opposed to a gradual slide that everyone has been pricing in? coming to a US equity market near you soon…
It would seem that the rest of the world is expecting 2013 to be a little more difficult than they did at the beginning of 2012… the US analysts, however, not so much…
Charts: Morgan Stanley
