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Thirty-nine per cent of CEOs at Canadian investment dealers surveyed believe markets will improve in 2014, while another 48 per cent expect them to remain unchanged.
Thirty-nine per cent of CEOs at Canadian investment dealers surveyed believe markets will improve in 2014, while another 48 per cent expect them to remain unchanged.
(DAVID KARP/AP)

The bullish view of first-quarter earnings

It’s hard to see corporate earnings as a good reason to be enthusiastic about stocks right now. As we’ve pointed out before, earnings expectations in the first quarter have been slashed to the point where they raise serious questions about the S&P 500’s lofty valuation.

The bulls’ response: Low earnings growth in the first quarter is no reason to shy away from stocks.