1 reply to this topic

[abbyjoseph]

http://www.profitcon...on-another-dud/

You can tell from the activity and the lack of direction in the stock market that the much-anticipated fourth-quarter earnings season has, yet again, been another letdown.

Now I’m not saying the early results this earnings season have been that bad; it’s just that the numbers from corporate America have not been that great.

And with just four days remaining in January, the NASDAQ and Russell 2000 are slightly positive, while the Dow Jones Industrial Average and the S&P 500 are in the red. This creates some anxiety.

As many of you know, I have discussed my views on earning and, more particularly, the revenue side. I don’t really care that companies beat earnings-per-share (EPS) estimates as many of these so-called sell side estimates from Wall Street have been adjusted downwards to meet the lower expectations over the past few years.

[qqqqtrdr]

I think the market was over extended on a quite a few darlings as of late... Last couple days those stocks that have run up are getting hit real hard...... I do think retail purchases has been hit hard in December, and because of it we are seeing lowering guidance... I am waiting for January 30th GDP numbers to support or sink the market.... I do not think we will have 4% growth like we did in Q313.... Best Regards, Barry