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Thursday, October 22, 2009

Fresh From the Desk of EWI

Earnings: Is That REALLY What's Driving The DJIA Higher?
The idea of earnings driving the broad stock market is a myth.
October 22, 2009

By Vadim Pokhlebkin

It's corporate earnings season again, and everywhere you turn, analysts talk about the influence of earnings on the broad stock market:

-US Stocks Surge On Data, 3Q Earnings From JPMorgan, Intel (Wall Street Journal)
-Stocks Open Down on J&J Earnings (Washington Post)
-European Stocks Surge; US Earnings Lift Mood (Wall Street Journal)

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1 comment:

  1. I think short term structure suggests p3 started: