Weak earnings plague U.S. and Europe
European and U.S. corporate earnings are clearly in a down trend.
When companies like Google, IBM, GE, DuPont, 3M, Intel, Amazon, and Apple ` especially Apple ` all miss or give uninspiring fourth quarter guidance, even the most optimistic have to admit that things aren`t going well.
But despite the fact that earnings season has been challenging, investors should keep looking forward as the U.S. economy has been showing signs of improvement.
The first read of third quarter GDP came in better than expected, the U.S. housing market continues to recover, and the FOMC reassured everyone that its commitment to quantitative easing and ultra low interest rates remains intact.
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