U.S. Stock-Index Futures Drop on Microsoft, GE Results – Bloomberg 10-19-12

Salient to Investors:

Angus Campbell at Capital Spreads said earnings have come back a little, but that is to be expected given the overall growth environment – it’s natural to see profit taking near highs for the year.

80 of 116 S&P 500 companies have posted earnings that exceeded analyst estimates, 33 missed.

Investors have pulled $440 billion from US equity mutual funds since 2008.

Investment properties reached 27% of home sales, back to bubble levels (graphic).

Read the full article at http://www.bloomberg.com/news/2012-10-19/u-s-stock-futures-are-little-changed-microsoft-falls.html