If ever the bulls needed to see some stellar earnings results and/or positive forward guidance, it was about one month ago. From the late September high of 2019 to the mid-October low of 1821, the S&P 500 fell nearly 10% just as earnings season kicked off. During the height of earnings season over the past four weeks, the stock market reversed and completely erased all of those pre-earnings season losses and even managed to tack on another 1% or so.