Interest rates, to me, matter more than earnings growth. The prospect that rates are going up will revalue the whole market.
Quotes about revalue (5 Quotes)
I honestly believe that if China were to revalue its currency upward by 10 percent -- a change I do not expect nor advise -- its exports would suffer minimal loss of market share,
There were rumors China may revalue its currency in March. Based on that rumor, people are assuming China may buy fewer Treasuries. And then the market broke certain support levels.
I don't want to be dragging myself on stage, year in year out, until someone else tells me it is time to go. There are certain birthdays that make you revalue your life.
Pressure on China to revalue against the dollar leads other Asian currencies, including the Japanese yen, to strengthen against the U.S. currency.