Did Earnings Season Become Meaningless?

This week we will see about 1/3rd of the major S&P 5000 companies report their last quarter results, and give guidance on what they see ahead. Now the earnings are already done. That's all history, and it ended last December 31st. But the guidance, well that's a different matter entirely. As you know, we have been carefully following the developments in the spread of the Coronavirus, 2019 n-CoV.. Over the past week, we have seen this new, novel virus infect literally thousands of residents in China, and most unfortunately kill dozens.