October 2012

I guess we have our answer.

How’s earnings season going? Only 42.3% of S&P 500 reported companies beat Q3 revenue expectations and 57.7% have missed. 64.9% have beat EPS estimates. Sucks. On Monday, I laid out the only question that I felt mattered for the markets. And based on this week’s earnings reports and today’s catching-up reaction, I think we have…

My Recollections from Black Friday, 1987

I’ll never forget that day. The way the wind rustled through my hair, portending a storm coming that I could never have imagined. I had my bookbag on my back, headed to Ms Mutnik’s 4th grade class that morning. Little did I know that things would never be the same. Later that afternoon, I can…

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…

So this happened today…

I was at lunch with Barry and a potential client while all this Google madness was going on, I still have no idea what all the fuss was about. The traders here got a big kick out of this though (My crew! Lindzon! Herb!)… Hat tip Alex @tarhinitrade  

Ryan Detrick: Sorry, Sentiment Still Sucks (which is bullish)

My friend Ryan Detrick (a Chartered Market Technician) does some amazing work at Schaeffer’s Investment Research and this week was no exception. Personally, I think that sentiment is much better than what the polls would have you believe (as evidenced by the way the market has been acting). Detrick says no, it still has a…