Earnings Drive Both Bull & Bear Markets

Earnings Drive Both Bull & Bear Markets Authored by Lance Roberts via RealInvestmentAdvice.com, “Earnings drive market outcomes. In 151 years, every single 20% market decline was accompanied by a double-digit earnings decline, with zero exceptions.” Every few months, a new reason to sell arrives. Capital spending is too high. The deficit is unsustainable. Oil just broke out. The conclusion attached to each is always the same: investors are about to lose half their money. I’ve...

By Tyler Durden