This article points out the slump that the market has suffered over the past three weeks. This week, investors could either help the market out of the slump or make it worse by still not investing. One of the main causes of the market fall last week was the fear of Greece defaulting its debt. Although in a slump, Phil Orlando points out that the better than expected fourth quarter earnings is a sign that the economy is continuing to stabilize.
So far, 63% of the S&P 500 companies have reported their results for the past year. If the rest of the 186 companies stay consistent with the first 63%, there will have been a rise of 206% in earnings.
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