Leader: A word about warning

Investors are in a panic because there are more 'missed earnings' news releases than ever before. Here's the scenario: Company XYZ issues an earnings warning and suddenly the IR phones start ringing, chat rooms go crazy, rumors abound, accusations fly and ultimately XYZ stock takes a hit. Sure, there are more 'missed earnings' news releases than ever before, but then again, there are more 'on-target earnings' news releases than ever before. In fact, there are more earnings news releases period,