Earnings season. We’re fully into earnings season on Wall Street.
What we have learned so far is that, in general, traders like what
they see. The markets were mixed on Friday, with the S&P 500 up
but the Dow down, slightly. But every other day last week, the
markets rose. The fear that stocks were overvalued relative to
earnings drove stock prices down in the first quarter. That fear
became acute when analysts started revising earnings estimates
downward. But now that we’re
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