Why the Coming Earnings Reports Are So Important
The year 2011 is a new environment for stock investors. Recession and recovery are diminishing factors for many companies’ earnings.
The good news is that we can look forward to more reliable growth estimates and, therefore, more confident use of valuation measures.
The bad news is that we are losing the rebound growth boost that benefited most companies.
Does this mean the stock market is topping? No, but it does mean we need to be careful.
This article is posted on SeekingAlpha.com