And there's been enough lately to go around on the earnings front for U.S. multinationals like Coca Cola and Mondelez.
Hewlett-Packard is the latest to queue to the complaint window.
The perp, as they say in television crime shows, is the rallying dollar.
Unfavorable foreign currency exchange rates were blamed for part of the company's disappointing earnings as approximately 65% of earnings come from outside the U.S.
Toss in beggar-thy-neighbor currency devaluations and you have the ingredients for more pain. The long U.S. dollar trade some believe is getting long in the tooth and looks a bit overcrowded.
According to one report, it is now three standard deviations from its 10-year average.
Any disappointment in the consumer price index could cause some scrambling. Meanwhile, HPQ's stock took a bit hit after announcing its recent earnings expectation for the year.
At this stage unexpected events could inflict even more pain.
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