Why Stock Earnings are Irrelevant…This Time

Earnings season is beginning--even if Alcoa ( AA ) has abdicated its position as the official starting gun by moving its earnings call to later in the month --and investors will be watching closely to see what companies have to say. Unfortunately, the earnings themselves might not be all that relevant-- something I noted in my Trader column last week --as investors will be more focused on commentary about the future than what happened in the past. Morgan Stanley's Adam Parker and team explain: