So many companies -- like Netflix, Facebook and Johnson & Johnson -- are not trading on earnings per share, but on factors that are nearly impossible to quantify.
Should the Federal Reserve follow the ECB down the path of negative rates?
Gross-profit margin narrowed a percentage point to 29.8%, hurt by acquisitions. Those margins are widening but await full integration of the new companies.
Those looking to add stocks are waiting for weakness and those aiming to shed shares want to do so on strength -- the net result is that we are going nowhere right now.