Guess you won't be very happy. Another bogus run up on declining rev and earnings. Analyst and wall street just got over again
Earnings are 50% lower than a year ago, yet stock hitting new highs everyday. Big disconnect , but thats true with the whole market. Earnings have been bad across the board, but who cares ? Earnings mean nothing in this market anymore. Just spin, spin, spin
You keep believing that line of bs from the talking heads and you will find out the hard way that this is the biggest scam market in history.
Because if they want the averages to go higher, the dow, they push ibm. It has nothing to do with earnings or anything else. Just compare the dow chart and ibm. Its really a joke to drop like a rock on earnings and a few weeks later spike up like nothing ever happened, but thats the case for the whole market. Bad news last about 5 mins, and good news is worth 200 pts, even if its really not even good news, as long as its not worse. Case in pt, hpq earnings compared to last year
Last week job #'s were still weak but beat estimates, market rallies and goes up 150 pts. Today jobs #'s were bad, but who cares , market already green again. The data released is meaningless, time after time, just another excuse to squeeze shorts and baffle any logical approach. I guess this market can go up everyday, with the economic #'s going down, the spin at an all time high , and Big Ben inflating stocks while punishing fixed income.
All in the span of 2 weeks, ibm is right back where it started when they annouced %$%$% earnings, and of course as ibm goes , so goes the dow. Who cares if revs are down, guidance was down, and trading at all time high to boot. Went down 12 pts that day, but everything is ok again in just a few short days
In this great hyped recovery, the market spikes up 150 when they add 150k jobs. They never mention that 350k , NEW people signed up for employment benefits. Thats a loss of 200k, but the spin never stops . Anything to make the king look good
Its got to be the biggest disconnect ever for the markets and reality of the economy, but it will probally continue. As long as there are no sellers , what can stop the madness