Earnings guidance was negative for seventh straight quarter.
The earnings beat rate is a ho-hum 59%
Netflix shares shot up 24% after releasing a stellar earnings report.
Only 43.9% of the companies that have reported have beaten revenue estimates.
The shorts are circling JC Penney, Coinstar, Barnes & Noble, and Diamond Foods.
Last year, stocks hit the wall in the spring. Will 2013 be a replay?
Some 83% of S&P 500 stocks are trading above their 50-day moving averages.
Over the last year, both indexes have almost been perfectly correlated.
The disappointing US earnings season may be behind the stock market drop.
Berkshire has handily outperformed the broad market over the last twenty years, gaining 1,173% versus the S&P 500's gain of 253%