STOCKS SKYROCKET ON HORRENDOUS EARNINGS

Listen, I don’t want to be writing post titles like that just as much as you don’t want to be reading them. Because they hurt your brain, assuming you have a functioning one. But that’s the story of Q3 earnings season, I’m not sure how else to explain it.

Company after company with literally nothing good to say. Line ’em up – Chipotle, IBM, Googster, CAT, Nike, Intel – guidance weak, results weak, forward outlook weak – and these are the big guys. The United Rentals ($URI) – where things are just set up perfectly – are few and far between.

But the major averages don’t care. Even that non-confirming Tranny index started catching up. It’s pretty astounding.

We’re staying defensive (staples, healthcare) and high quality (Berkshire, Wal-Mart) here, I don’t trust any of the multi-nat cyclicals to have anything good to say and I can’t afford a blow-up with the S&P staying strong.

So that’s what’s up. I have no idea how long it can continue for. It seems unsustainable – but so does American Idol, and that motherf***er finds a way to keep on trucking too, so what do I know?

 

What's been said:

Discussions found on the web
  1. bitcoin evolution review commented on Sep 23

    … [Trackback]

    […] Here you will find 1619 additional Info on that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  2. New Haven Bail bondsmen commented on Nov 22

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  3. buy dumps cvv commented on Nov 27

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  4. carpet cleaning service luton commented on Nov 30

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  5. influencer marketing network commented on Dec 12

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  6. nz wines UK commented on Dec 21

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  7. delicious tangerines commented on Jan 14

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  8. cheap wigs commented on Jan 15

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  9. Nike Heart rate monitors manuals commented on Jan 18

    … [Trackback]

    […] Here you can find 59543 additional Info on that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]

  10. Electrolux EW8F148B manuals commented on Jan 20

    … [Trackback]

    […] Here you can find 94681 additional Information to that Topic: thereformedbroker.com/2012/10/18/stocks-skyrocket-on-horrendous-earnings/ […]