Dow Up Just 78 Points on a Bad Day

IBM is the latest company to weigh in with rotten earnings that Wall Street has blithely shrugged off.  If the Dow can muster a 78-point waft on a bad day, just imagine what it’ll do when the sobering realities of Q2 have blown over.  Companies have already warned that Q3 could be even worse, so ‘investors’ should have a field day buying the rumor ahead of October’s worsening news.