Business Insider
Myles Udland
August 5, 201614 Comments
It's official: Wall Street thinks earnings growth in 2016 will be negative.
And if this forecast comes to bear, it will mark the first time since 2008-09 that earnings for the S&P 500 declined in two straight years.
This time around, however, the year-on-year declines would be far less than the cratering of profits we saw during the crisis, with 2015 earnings dropping 0.8% and 2016 earnings now forecast to fall 0.3%.
In contrast, earnings in 2008 and 2009 dropped 25.4% and 8%, respectively, during the heart of the crisis.
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