Monday, July 12, 2010

This Week: Now Come Earnings

NEW YORK (TheStreet) -- Earnings reports from blue-chip companies in the coming week will provide investors with the first real indication of how the European debt crisis and continued economic stress have affected Corporate America's bottom line.

Stocks lost a good deal of value over the second quarter, but the start of July has indicated a sharp about-face in sentiment. The Dow Jones Industrial Average rallied more than 400 points this week alone. The question is whether the bulls will be disappointed next week, further the rally or sell the good news. With recent volatility -- at times inexplicable -- it's been hard to predict.

"An important thing to take away from this is that we have to get used to continued volatility," said Curvin Miller, a vice president at Russell & Co. a wealth-management firm for seniors in Fairborn, Ohio. "It's not going anywhere; it's here to stay." (more)

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