How to Think About the Stock Market When Earnings Guidance Becomes Meaningless
Some Wall Streeters are factoring in a chance of a recession or at least a severe slowdown. – TIMOTHY A. CLARY/AFP/GETTY IMAGES Economist Burton Malkiel might have called the stock market “a random walk,” but investors could at least use earnings guidance by companies as road signs. Now they are largely walking blind. Last week, […]