Is the earnings bar so low that even three-legged cows can jump it this quarter?

04/11/2013 5:52 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

Back in January, the forecast was for first quarter 2013 earnings at Standard & Poor’s 500 stocks to climb 4.3% from the first quarter of 2012. That’s an easy bar to jump, right?

Then what do you call the current Wall Street projections that call for year over year first quarter earnings growth of just 1.5%.

Super-easy? Impossible to miss? Irrelevant? A big worry with U.S. stocks at all time highs?

I know we’re just at the beginning of earnings season, but of the 5% of S&P 500 companies to report as of yesterday, almost 75% have topped expectations, according to Thompson Reuters.

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