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.
I think we're in bear market mode, Owl. What do you think? -Petsamo
ReplyDeleteAs 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.
ReplyDelete