Third-quarter Earnings Send Mixed Message

NEW YORK (TheStreet) -- Earnings season is effectively in the books, and while the overall results are fairly positive, there are a few troubling trends that investors should be aware of. First, the good news. With 491 of the components of the S&P 500 having reported for the calendar third quarter, the year-over-year earnings growth rate for the index stands at 17.9%, according to Thomson Reuters.

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