A Trick Question on Fed's Tapering Effect

Let's start with a trick question: What stocks will perform the worst depending on how fast the Fed tapers, what happens with Chinese liquidity, how Abenomics plays out and how the European debt crisis is resolved? The answer: The ones with the worst earnings performance!

The macro is all interesting, and gives us pundits something to talk about between quarterly earnings reports. But now that the end of the quarter is nigh, all of us must focus on what really matters. Stock prices are discounted streams of earnings and while we can discern the proper discount rate during the lulls, our attention must now turn to earnings -- the "E" in the price-to-earnings ratio....268 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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