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)
To read the rest of the article Click Here!
Subscribe to:
Post Comments (Atom)
I think short term structure suggests p3 started:
ReplyDeletehttp://tewp.blogspot.com/