to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
David Rosenberg is predicting a 99% chance of recession in 2012 (HT: Barry Ritholtz). Calling it a "second recession" as opposed to a double dip, we wondered if the stock market is currently making the same prediction.
After all, if we look just at the expected future earnings data for the stock market, 2012 would just be a year where the economy looks to be simply stagnant.
To see if a recession might need be in the cards, we'll need to look at the stock market's expected dividends per share. Our chart below reveals what we found when looking at quarterly dividends per share for the S&P 500 through the second quarter of 2012, which is currently as far into the future as we can see:
At the very least, the extreme reduction in cash dividends expected to be paid out in the second quarter of 2012 as compared to the first quarter suggests that the U.S. economy is at least in store for a "microrecession" in 2012. By our definition, a microrecession is a period of flat or negative economic growth that is either relatively minor or short in duration.
However, at this point in time, the dividend futures for the stock market are not signalling what is to come beyond that quarter, so we cannot yet determine if David Rosenberg will be right. We'll need to wait at least another quarter to see if a full-fledged recession is lying in wait in 2012.
Labels: dividends, recession forecast, SP 500, stock market
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