Be wary of upbeat stock forecasts
Investors should always take a long-term view and not be dazzled by rosy numbers
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Jeff Sommer
Streams of freshly minted quarterly earnings reports are beginning to arrive from listed companies, promising a fuller picture of how important segments of the economy fared as the stock market fell in the spring and early summer.
More important, executives are giving "guidance" to analysts on how their companies are likely to perform in the months ahead. This exercise in compulsory financial disclosure always commands attention on Wall Street.
