But there was a wide gap between the top 1 percent, whose earnings rose by 11.2 percent, and the other 99 percent, whose earnings declined by 0.4 percent.
The programme is available to people whose earnings are just above the official poverty line.
The strategies favor the stocks of companies whose earnings are growing most rapidly, while shunning or even selling short those whose earnings are contracting the fastest.
Reddam paid $400,000 for the horse, whose earnings now total $3,333,600.
Investors continued to migrate to old-economy stocks, whose earnings are seen as more predictable.
Still, he said, "it certainly feels like a recession to many companies whose earnings will decline".
Stocks of companies whose earnings would suffer if economic growth slowed fell as expected.
The laggard of the three was I.B.M., whose earnings rose but whose revenue declined 5percentt.
Sony, Panasonic and Honda were three whose earnings were battered in the latest quarter, but they weren't alone.
This probably translates to about 100 people whose earnings will be disclosed under the new rule, the consulting firm said.
The fourth quarter proved strong for Lazard, whose earnings per share in the period were nearly double analyst estimates.
