The Curious Investor: Earnings fade, but market may not care
DAVID ROEDER droeder@suntimes.com January 28, 2012 4:54PM
FILE - In this May 23, 2011 file photo, customers look at the Apple MacBook Air and the iPad2 at the Apple Store in San Francisco. Apple Inc. reports quarterly financial results Tuesday, Jan. 24, 2012, after the market close. (AP Photo/Paul Sakuma, File)
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David Roeder reports on real estate at 6:22 PM. Every Thursday on News- radio 780 and 105.9 FM WBBM. The reports are repeated at 10:22 p.m. Thursday and 7:22 a.m. Sunday
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Updated: February 4, 2012 12:54AM
Filter out the noise from the current onslaught of corporate earnings reports and you are left with something not terribly encouraging, like the sound of one hand clapping.
Just when investors could use a little clarity about the strength of profits this year and how that might bolster the economy, the reports issued so far yield little. Most companies are checking in with reduced profit growth, which doesn’t bode well for meaningful cuts in joblessness.
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