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This could be one of the best earnings seasons ever, but as Europe staggers, U.S. markets appear...

This could be one of the best earnings seasons ever, but as Europe staggers, U.S. markets appear destined to follow them down. Just how precarious is it? "Basically, we're mountain climbers," says S&P Capital's Sam Stovall. "The U.S. is in front, China is behind and Europe is tethered to us. But if Europe should fall, it could drag the rest of us down the mountain as well."
Comments (12)
  • Ted Bear
    , contributor
    Comments (607) | Send Message
     
    Let's hope the buy side has done better forecasting than the sell side. Thus far, street estimates have been all over the ballpark, but rarely on target with reported figures. Last quarter the street didn't come within a mile of estimating what Apple would earn (how hard can it be to count widgets, and with a thousand 'analysts' doing it...?). Maybe this time the sell side will only miss by 30%!!! When it's all said and done, how do you evaluate the results other than by comparing actual with previous actual? Some of those, like Microsoft, aren't coming close to what they earned a year ago.

     

    So much for 'earnings' bailing out the market.
    19 Apr 2012, 08:20 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    Europe won't fail but most of the countries that participate in the currency union will. After that, it's Europe redux. Second verse same as the first. It's simply history rhyming, or whatever; not the end of the world, unless you hold sovereigns too long. You'll still get your parasite checks, they'll just be worth about half of their previous face value. Don't dispair, the top one percent will still be in charge. They always are.
    19 Apr 2012, 08:31 PM Reply Like
  • jmjjmj1
    , contributor
    Comments (166) | Send Message
     
    best earnings season, yeah right...I would say best earnings season from record lowest expectations.
    19 Apr 2012, 08:36 PM Reply Like
  • Apacheleadership
    , contributor
    Comments (61) | Send Message
     
    "Basically, we're mountain climbers"... However, none of the climbers have any climbing equipment, experience in mountain climbing or survival gear.
    19 Apr 2012, 08:47 PM Reply Like
  • Tom Armistead
    , contributor
    Comments (5410) | Send Message
     
    Bernanke is with them, he's got them all roped together and the other end of the rope is connected to something, somewhere, a skyhook perhaps.
    19 Apr 2012, 09:53 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    Wasnt it just 2 weeks ago some fools wrote this would be one of the worst quarters for US companies

     

    Now we get this? Make up yer fing mind
    19 Apr 2012, 10:03 PM Reply Like
  • vasool
    , contributor
    Comments (13) | Send Message
     
    MSFT
    EPS: $0.60 vs $0.58 expected
    Revenue: $17.41B vs $17.18B expected
    Operating income: $6.37B vs $6.0B expected

     

    So they didn't come close huh?
    19 Apr 2012, 10:24 PM Reply Like
  • larocag
    , contributor
    Comments (1466) | Send Message
     
    The guy did say close to last year's results. Yo need to compare this year's result to last year's to see if he is right or wrong.
    20 Apr 2012, 12:41 AM Reply Like
  • coramoor
    , contributor
    Comments (12) | Send Message
     
    "Best earnings seasons EVER..."

     

    hah hah.
    19 Apr 2012, 11:33 PM Reply Like
  • bdarken
    , contributor
    Comments (448) | Send Message
     
    It is tough to get excited about the earnings of a particular company
    with the global macro issues on fire.
    20 Apr 2012, 12:39 AM Reply Like
  • larocag
    , contributor
    Comments (1466) | Send Message
     
    The "earnings" of an index are a well defined thing and have nothing to do with analysts expectations of earnings. They are what they are and they "may" be larger than ever before. We don't know at this point.
    20 Apr 2012, 12:44 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    They sees what they want to sees and nothing else.

     

    Do your own analysis and find the truth that is out there.
    20 Apr 2012, 02:14 AM Reply Like
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