FYI: Both earnings and revenue growth have kept pace with the astonishing post-crisis bull market that is today celebrating nine years since the bottom. Buybacks helped, but they weren’t the whole story. Corporations got lean and mean, setting up big earnings growth from the economic nadir. Additionally, whole new industries like social media and the iPhone app economy took flight. US companies also penetrated into global markets and found entirely new avenues of growth opportunity.
Regards,
Ted
http://thereformedbroker.com/2018/03/09/what-really-fueled-the-bull/
