I love earnings season. It's kind of like the Super Bowl; it's put up or shut up time. Also, just like the Super Bowl, there is all this hype and so many times you don't know the real story until it is actually played out.
My wife is a stock analyst; for her, earning season is a nightmare of long hours dissecting what exactly companies are reporting, and what they are trying to hide.
Every earning season generally has some telling events. This one didn't disappoint. However, it is always important to understand why certain companies surpass expectations and why some disappoint. So many times there are outside events that affect a company, and the prudent investor needs to recognize these events; in the current earnings season, that's particularly true for those who own financial stocks.
Bankruptcies Galore
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