No. If the market is already down 5%-ish and the financials report poor earnings – even if they’re in line with already expected crappy results – then Apple’s report, even if it’s good, will be irrelevant. It’s like the doctor telling you you’ve got brain cancer, but hey, it looks like you’ve lost 5 pounds. Not much comfort, really.
Something dramatic has to happen to change the overall appetite for risk and I don’t know what that would be. But good Apple earnings ain’t it. That much I know for sure.
Currently the futures are setting new lows. But you never know… strange things can happen at these junctures.
