Half Empty or Half Full?

Very strong earnings pushed many stocks higher again, Wednesday, though it was clearly a mixed performance as the Nasdaq 100 was up 0.62% while the NYSE Composite gained just 0.02%. The Dow Industrials closed lower while the S&P 500 was able to close above the July 3rd highs. The earnings for the 2nd quarter have exceeded expectations as Factset reported that the S&P 500 companies could increase their earnings by 5.6% this quarter, up from the pre-earnings estimate of 4.9%. During the spring, ma...