Why does the stock market keep going up when earnings growth is negative? “It’s the liquidity, stupid.”

I get it. Central banks are easing.
Why does the stock market keep going up when earnings growth is negative?
“It’s the liquidity, stupid.” https://t.co/tbLQy8t47B
— David Kudla (@David_Kudla) December 22, 2019

The actual market P/E ratio & company P/E ratios are really DOUBLE what they appear, because both the US + China experienced parabolic gov't spending+debt increases these last 10 yrs (US $10T->$23T; China $7T->$40T). It ended inflating corp profits (malinvestment), instead of GDP pic.twitter.com/ZeQVC15BUl
— M/1_LP (@MI_Investments) December 22, 2019

The pros and retail are all in pic.twitter.com/bEuFjNXKE5
— jml (@jmllubber) December 22, 2019

w/ fed attempting to engineer a mini-cycle trough – their push w/ 'not qe' has forced asset prices to inflate to levels where growth is expected to ramp higher in early '20 – the only problem: if growth lacks in 1Q20, there will be a disappointment pic.twitter.com/CJN9ipkObJ
— Alastair (@StockBoardAsset) December 20, 2019

Corporate America has announced a whopping $1.2 trillion in float shrink in 2019. That figure marks the 4th time in the past 5 years that new cash takeovers & new stock buybacks have topped the $1 trillion mark. via @trimtabsadvisor #USstocks #alltimehigh
— Jennifer Ablan (@jennablan) December 22, 2019

https://twitter.com/NorthmanTrader/status/1208703773301972993

Global stocks gained another $1tn in mkt cap this week as investors remain in a 'buy stocks' mode. Global stock mkts now worth $86.4tn, just $900bn shy of all-time high and equal to almost 100% of global GDP, entering bubble territory acc to Buffett's 100% bubble indicator. pic.twitter.com/cS9tCDBL17
— Holger Zschaepitz (@Schuldensuehner) December 22, 2019