FYI: You’ll often hear a pundit make the comment that “earnings should be strong” for this sector or that market. It’s meaningless absent the context of expectations. If earnings are strong, but the market expects them to be strong, then this pronouncement has not only zero value for the listener, but probably negative value. This sort of superficiality is good for cocktail party chatter or television prattle, but it doesn’t actually make anyone a dime.
Regards,
Ted
http://thereformedbroker.com/2017/07/10/superficiality/
