The Markets This is getting difficult. How to read the tea leaves? On the one hand we see CH Robinson* (CHRW), which is a truck-load aggregator (they don’t own trucks), blowing the top off of earnings. Then, today, we read that UPS disappoints. Apple continues …
The Markets You cannot ignore it. Revenues are falling, forecasts are dim and/or vague, earnings only OK after being dumbed down already. The corporate world is not knocking the sock off the ball. But one cannot ignore a growing appetite for risk. After initially falling …
The Markets With almost 170 companies reporting today it is almost impossible to accurately judge the direction of stocks. Early look at futures indicate a down opening. Most, if not all, reporting companies are showing lower sales. Some are reporting better than expected earnings but …
The Markets Tim Geithner had best watch his step or he may be accused of moving markets. Seriously, the boy is beginning to say all the right things. After a sloppy opening and some tough guidance from companies before the opening we heard better news. …
Sidebar Is this where we are headed? http://bit.ly/yEu0B Wonder how the Street works? This is a longish article but I loved it, perhaps because I know, or know of, many of the players. Unfortunately, this IS how Wall St works. It is easier to read …
The Markets So far, Tuesday is living up to it’s billing. After struggling through numerous corporate earnings conference calls as well as Mr Geithner’s speech, traders bought the market. Now, lets see if the afternoon gives us follow-through. I have traded a little GE, PALM …
Five of the Dow thirty reported this morning and all gave grim guidance. You will remember from my Sunday post that guidance is my key to current market performance. You gotta have earnings to back-up the recent rise in shares. Otherwise, the easiest resistance is …
The Markets Unfortunately, my thoughts about a severe decline (see yesterday’s post) came about. The Wall Street Journal started it all with the front page story that banks were not, as had been stated, making loans. Bank of America blew away the numbers this morning, …
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Is it possible, just possible that our founding fathers got the second ammendment all wrong? We were really, really meant to bear arms?