paper published: Forecasting Corporate Profits, the Rational Way

["caw" <cwest@xxxxxxxxxxxx>]

I republished a paper by Greg Jones of briefing.com at
www.traders2traders.com that succinctly explains a connection between the
economy and corporate profits which I believe will be of interest to longer
term traders that have a fundamental leaning. Here's the intro:

Corporate profits and their associated cash flows are at the heart of why
investors buy shares in companies. While investors tend to understand the
origin and importance of profits for individual companies, few have an
understanding of how the economy in aggregate generates corporate profits,
and thus don't know when analysts' estimates for profits and share prices
are irrational.

Colin West