Need to Know: Dumping U.S. stocks over earnings disappointment is a mistake, says Deutsche Bank

While Wall Street is hoping for a bright start to November, there is a lot of wariness out there.

Paranoia runs deep, and into your trading strategies it will creep, especially after the worst month for the S&P 500 since 2009, and that horrible mauling for the tech set. So there is plenty of chatter about an “uninspiring” rally and chart godfathers telling us to look out below.

One (of many) reasons stocks got hammered last month is because investors just didn’t like what they saw on earnings or outlooks, even if they weren’t half bad in some cases.

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