damp squid vs damp squib :

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  • How A Congress-Sanctioned Tax Credit Rescued Q1 Earnings
    A 25-year-old research-and-development tax credit that was extended by Congress - following its expiration at the end of 2011 - lifted profits for many firms in the S&P 500 by over 10% . While top-line revenue growth was a damp squib, earnings grew a more robust 6.7% thanks, as the WSJ notes , in large part to this tax-credit's 'accounting' gains. This stock-market-saving tax-gimmick, however ...
    June 14, 2013 - Zero Hedge