Expectations for earnings season are falling fast, as analysts now see Q4 S&P 500 earnings...

|By:, SA News Editor

Expectations for earnings season are falling fast, as analysts now see Q4 S&P 500 earnings growth at 7.2%, down by half from October. Alcoa (AA), which reports today, has been squeezed by tumbling aluminum prices and oversupply. TXN, ORCL and TGT have all cut forecasts. Banks could be coming off their worst year since 1938, and "2012 isn’t feeling much better,” Mike Mayo says.