When Earnings Disappoint In A Market Priced For Perfection

Posted by John Rubino - DollarCollapse.com

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After today’s market (april 1th) close there was a flurry of earnings announcements, some of which were way low. Not bad, mind you. In fact they were pretty good. But because Wall Street analysts were expecting more in order to justify current stock prices, the disappointments led to big price declines in the aftermarket:

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