Expectations still run rampant. But this earnings season, reality may get the upper hand.

Like OJ, IBM says it was framed. But that doesn't mean that it's not guilty.

For all the chatter about expansion, how come the markets won't bet on it?

The economy still can't generate the earnings recovery that techstocks need. But it's time to take some more profits off the table.

The growth dream is over at AOL. And the rest of the tech sector may be starting to wake up to reality, too.

The dollar is in a positive transition from excessive scarcity to a strong -- but non-deflationary -- position.

Tech stocks may be overpriced relative to earnings forecasts. But for the S&P 500, the earnings forecasts themselves are overblown.

Cannon to the right of them, cannon to the left of them -- Cisco's report won't be enough to save tech's earnings season.

The best reasons for the current era of high equity valuations aren't very good.

David Gitlitz doesn't agree that equity valuations got too high in the late 1990s -- but he and Luskin both think they're too high now.