Edited by redfoliage2, 01 July 2007 - 09:03 PM.
Earnings Reporting Season and The Market
Started by
redfoliage2
, Jul 01 2007 08:57 PM
2 replies to this topic
#1
redfoliage2
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Posted 01 July 2007 - 08:57 PM
I expect SP500 will continue to report strong numbers, which should provide a firm support for the market during the season. i.e. SPX New high is still possible.
#2
Trend-Shifter
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Posted 02 July 2007 - 12:13 AM
As long as the dollar keeps a downward path the S&P 500 will report good numbers. The Chinese Yuan follows the dollar, so even though the Yuan has appreciated a small amount again the dollar, it still is lower in world terms. The S&P 500 has wrung out all it's efficiencies with right sizing, outsourcing, international sales, and the like. Only currency is left to keep earnings from flattening out.
Only in geometry can a line go into infinity.
#3
redfoliage2
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Posted 02 July 2007 - 06:25 AM
Trend-Shifter: Good point. BTW, do you happen to know can one trade US stocks and futures over the internet when based in China or Hong Kong? Any technical limitations? TIAAs long as the dollar keeps a downward path the S&P 500 will report good numbers. The Chinese Yuan follows the dollar, so even though the Yuan has appreciated a small amount again the dollar, it still is lower in world terms. The S&P 500 has wrung out all it's efficiencies with right sizing, outsourcing, international sales, and the like. Only currency is left to keep earnings from flattening out.
Edited by redfoliage2, 02 July 2007 - 06:28 AM.
