With fourth quarter results for more than 75% of the market capitalization of S&P 500 companies already known, we have seen enough reports to be able to say that earnings results have
Stocks are up – really up – to levels not seen since the fall of 2007. We don’t want to remember what came after 2007, but it’s going to be ‘different this time’. It always is, isn’t it?
Contrary to fears coming into the fourth quarter earnings season, the earnings reports have actually been quite decent. They are not great, but they are not awful either. Not only are positive