John Rubino--Corporate Profit Crash Bad For The Market? #2833

Corporate profits are coming in awful this quarter. From Walmart to Morgan Stanley to many others, the bloom is off the rose. McDonalds is doing terribly, with many franchisees underwater. How much longer can the stock market hold out? If it follows the Martin Armstrong prognosis, then it's going much higher as capital from around the world seeks safer havens. If not, the market will go down with the earnings ship.