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Here Is Why Investors Should Ignore Earnings Season

Tuesday, November 8, 2016 4:18
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(Before It's News)

from Elliott Wave International

It is earnings season, and most investors are paying close attention (Reuters, Oct. 9):

“If there’s something that can help the outlook for earnings, then it is going to be good news for the stock market. It is the most important variable,” said [a] chief investment officer.

The belief that earnings drive stock prices permeates Wall Street. That sentiment was also expressed in an Oct. 21 CNBC article:

Strategists are watching whether earnings growth will sustain further gains in the market.

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