Nevertheless the point is still the same. The participants are relying on short term data points to take a view on stock markets. This in our opinion is a futile exercise. It is best to leave the quarterly earnings to the companies. It is nothing more than an indicator of their short term performance. It would be better to concentrate on long term fundamentals and business models instead. And if you have identified such a stock then the short term news of negativity is nothing more than an opportunity to get this great stock at a bargain. Going along with the herd will yield nothing but pain in the long term.