Wednesday, June 23, 2010
Weak Earnings
I am seeing some of the earnings come in for after hours and it is disappointing. BBBY is guiding lower. NKE came in light on revenues. MLHR misses bigtime. This is a preview of things to come for earnings season in July. I don't think the market has fully priced in weaker earnings and there should be quite a few bombs coming next month.
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2 comments:
I think we're in bear market mode, Owl. What do you think? -Petsamo
As I said earlier, I believe we will go back down as quickly as we went up. So we should be down to 1040 by next Wednesday.
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