Mish - No longer have access to a Bloomberg terminal so data hard to find. Wonder if you could look at aggregate (not per share) S&P 500 revenues and net income since 2000. How do those figures compare to the index?
Tried to look at GDP stats and saw 31% increase since 2011 in corp profits against 113% in S&P. But govt figures are probably even more suspect than those in annual reports.