Posted by pthoreson on 21st of Jan 2010 at 04:47 pm
The earnings releases I have read look great, AMEX, Western
Digital, Xerox, and Google. Seagate is up on their positive
earnings release but the reaction is otherwise negative.
Even Apple, which does not report until the 25th, fell $1.00 in
sympathy with GOOG.
Up on bad news, now down on good news. Perhaps a turning
point...finally.
The real cause is, of course, is the fear of free, easy
money disappearing. No more 3 AM trampoline trades in the
futures.
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The earnings releases I have
Been Said Many Times Here......
Posted by pthoreson on 21st of Jan 2010 at 04:47 pm
The earnings releases I have read look great, AMEX, Western Digital, Xerox, and Google. Seagate is up on their positive earnings release but the reaction is otherwise negative. Even Apple, which does not report until the 25th, fell $1.00 in sympathy with GOOG.
Up on bad news, now down on good news. Perhaps a turning point...finally.
The real cause is, of course, is the fear of free, easy money disappearing. No more 3 AM trampoline trades in the futures.