Don't Count on Earnings to Save Us
The primary excuse for the selling today is recognition that there hasn't been any real progress in Europe, despite all the news last week. The European Central Bank is the key to any solution, and it basically punted. Unfortunately, we have another problem developing, and this one may be less anticipated than European strife.
Since the market bottom in March 2009, we have at least been able to count on fairly good earnings reports. Despite the struggling economy and all the negativity on Main Street, corporate earnings reports have been consistently solid....284 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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