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Morgan Stanley Analyst Cries Wolf, Predicts Prolonged Dow Earnings Hell

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Morgan Stanley analysts must have gotten up on the wrong side of the bed. They have issued a doom-and-gloom report about corporate earnings, choosing to focus on the glass half empty while other forecasters manage to see it half full. The Wall Street firm is predicting an “earnings recession,” which translates into at least two straight quarters of hell for stocks and the Dow Jones Industrial Average. While most analysts expect that Q1 results will be excruciating, they can also see a light at the end of the tunnel. The consensus view is that earnings growth will return in Q2,

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