(1) Bad, but not so bad. (2) Comps fruit salad. (3) Guidance is downbeat. (4) Adjusting for Debt Valuation Adjustment. (5) Earnings are down with Financials, but flat without them. (6) Another record high for S&P 500 forward earnings. (7) Q4 earnings revised up for Energy and Financials. IT and Materials down. (8) World crude oil demand at record high. (9) Demand/supply ratio still bearish for oil price.
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