By EWI Editorial Staff

Since the time of buttonwood trees, Wall Street has had its own version of the Ten Commandments — the cornerstone principles of conventional economic wisdom. The first of these writ-in-stone notions is the widespread belief that earnings drive the stock market. In reality, though, much of this belief is based on faith, not facts. While earnings may play a role in the price of an individual stock, the market as a whole marches to a different drummer. Read more.