Beware of Earnings-Season Hopes

Is hope springing eternal, or are the facts getting better? That's the crux of what's going on right now in this market.

You can see it play out right in front of you. A month ago, both Schlumberger (SLB) and General Electric (GE) sounded somewhat somber about their businesses. General Electric, at an analyst meeting, seemed to be lacking confidence that 2013 could be a big year. Schlumberger felt so strongly that things had turned south that it took the extraordinary step of preannouncing a weak quarter....567 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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