Minyanville article: S&P Watch: Higher Earnings in Coming Months?

"In my blog post yesterday, I referred to valuation points made here and previously and tied them to the earnings reports from second quarter, which will kick in next month. Since we're in the pre-announcement period, investors should be alert for any early warnings signs that earnings will be at or below expectations. Only at-earnings- or above-earnings reports will provide the fundamental juice to power stocks higher from currently fully valued levels...."

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