FYI: Large U.S. companies are almost done reporting first-quarter earnings, and neither the results nor the forecasts are pretty.
Many money managers are betting that U.S. stocks will keep rising anyhow, but that represents a gamble that corporate profits later this year will be stronger than analysts currently project.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/05/17/nervous-hope-buoys-u-s-stocks/tab/print/
