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January 11, 2013 – 6:11 pm

global1The quarterly dance of earnings is underway and frankly they have been good. Good in the sense that expectations were so low that beating them is a very low bar. However, the trickle of earnings we have seen does not make an entire season of earnings. The encouraging part of the reports we have seen is the upbeat nature of the forward looking CEOs’ comments. There is where you are seeing some hope of stronger numbers.

It helps when looking forward that both China and India seem to be on a path of higher growth and for the time being at least Europe appears to be at a bottom. Note they are not on the path of recovery just no longer on the path to perdition.

We have a long way to go but it is fairly certain that though the fourth quarter sales and profits for corporations was weak it was better than expected and that looking forward things will improve.

On the other hand, improvement does not mean significant improvement, only better than we have seen. Still, you take any good news you can get and run with it.

Good Trading
Steve Peasley

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