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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