Apparently Cisco beat on revs and earnings and is trading up like $1.15, about 7% afterhours.
You see, everything is going to be fine......for awhile anyway.
Now, I know, most people, including Forgetmeknot, would say that CSCO is up 7% afterhours BECAUSE of the fundamentals. Now, I don't have a clue how to analyze Cisco's financials, and I would bet that 90% of the money going into CSCO afterhours doesn't either.
Also, this isn't my first CSCO-sponsored rodeo, and so I know it isn't all peaches and cream over there at Cisco and I also know there have been times when they have good numbers but go down instead. In fact over the last 15 years seems like they always have good numbers. Well, my point is that these fundamentals, as Picker has often said, are a matter of perception. And, so it is with the rest of the market either following CSCO or not. I say, that since the market came down into a new moon (and solar eclipse) and since the S&P has just completed an AB=CD, the stage is set for the market perception to follow CSCO. I say we're going up tomorrow.