It is becoming more and more evident that the market pays more attention to earnings predictions than earnings. So a company may report stellar performance this quarter, but the stock drops as they said something like "we see trouble ahead". Alpha now from Reuters had a nice illustration of the current issue with stocks today and I present their bar graph below. It took me a moment to get it, but basically a higher score means "trouble ahead". Out of the S&P only 14 companies have reported better than normal future growth while 68 have reported that they expect a decline.
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