FYI: The ultimate determinate of whether earnings season was a success or not is whether stocks went up or down in reaction to their reports. In that regards, this earnings season was a success since the average stock that reported gained 0.55% on its earnings reaction day. (For companies that report in the AM, we use that day's change. For companies that report after the close, we use the next day's change.)
As shown below, we've now seen positive reactions to earnings reports for two seasons in a row after seeing negative reactions in the two seasons prior.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/2/20/earnings-season-a-success.html?printerFriendly=true
