As earnings season got underway Tuesday with better-than-expected quarterly results from Alcoa, analysts said many other companies are likely to exceed their sharply lowered forecasts.
As we move into earnings season, remember we are dealing with sophisticated people; CEOs are very good at figuring out what to say to the press and how to say it. So when a company beats "lowered forecasts" ask yourself, "is it possible there is something deliberate going on here?"