10/20/09 - The idea of earnings driving the broad stock market is a myth.

05/22/12 - U.S. stocks little changed Tuesday; DJIA up 5 points... 05/22/12 - U.S. stocks little changed Tuesday; DJIA up 5 points... 05/22/12 - U.S. stocks little changed Tuesday; DJIA up 5 points... 05/22/12 - U.S. stocks little changed Tuesday; DJIA up 5 points... 05/22/12 - U.S. stocks little changed Tuesday; DJIA up 5 points...

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Home > Commentary > Elliott Wave International > 10/20/09 - The idea of earnings driving the broad stock market is a myth.

Think Outside the Bull at bearMarketCentral.com

10/20/09 - The idea of earnings driving the broad stock market is a myth.

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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)

With so much emphasis on earnings, this may come as a shock: The idea of earnings driving the broad stock market is a myth. Read more.

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