Why earnings season will disappoint

re: Why earnings season will disappoint

Balanced Trader — Wed, 22 Jul 2009 14:51:15 GMT

And companies continue to beat. New highs for the indicies! I hope this puts an end to Anthony's one sided bearish views.

Things aren't perfect, but they are better than fair.

re: Why earnings season will disappoint

Idiot — Wed, 15 Jul 2009 16:47:51 GMT

This guy is an idiot

re: Why earnings season will disappoint

Balanced Trader — Tue, 14 Jul 2009 15:20:54 GMT

Another swing and miss by Anthony. Lets review...

CSX - beat

GS - huge beat

AA - beat

JNJ - beat...

And the market responds with the bigset move up in months. I was long and grew my account by 13% yesterday between FAS and ERX. Thank you to all the pessimists on the other side of the trade, you made me a little richer.

re: Why earnings season will disappoint

Don — Mon, 13 Jul 2009 10:22:53 GMT

Market is drive by news.The one who create the news is media.Media made fake news and numbers always.That's why the ramp up in stock from oct08 to May09 is a bubble.Stay put and wait until unemployment rate getting better will start buying again.

re: Why earnings season will disappoint

fortitute trader — Sun, 12 Jul 2009 14:13:43 GMT

An absolute pessimist which i am very sure does not invest in the market himself, dear anthony, you should get a grip and make some real money rather than popping pessimist pills and manifesting it in your article. i made a avg 81% return from oct08 to may09. all that money floating around must be trying to buy something! fundamentals does not matter.

re: Why earnings season will disappoint

Senior Patriot — Thu, 09 Jul 2009 21:13:49 GMT

With the economy of California going down in flames with no end in sight, all as a result of politics, I am now a solid bear also. I'm holding stocks only for the dividends and watching from the sidelines. Let's hope that more states do not follow California's bust! I'm with Anthony.

re: Why earnings season will disappoint

Bill in Houston — Thu, 09 Jul 2009 18:03:36 GMT

Of course I mix political observation (not my political beliefs) with investing. Only a fool doesn't. I made a nice tidy sum during the Clinton years, even though I loathed the man. His policies were not designed to wreck markets. Open your eyes.

One thing about last weeks unemployment numbers. How much higher would they have been if the 3rd wasn't a federal holiday?

Geez, I'm too old for this bickering.

re: Why earnings season will disappoint

Balanced Trader — Thu, 09 Jul 2009 15:01:41 GMT

Bill,

The article is titled "Why earnings season will disappoint" yet I see no new information to support this thesis other than that which the market has already discounted. I am not arguing that the current job losses are bad. What should be clear though is that the down trend of most indicators has broken and we have entered an inflection point. Remember, the market usually leads an actual recovery, and jobs losses is the most lagging of all indicators.

Additionally, you opinion looses credibility the moment you mix politics with trading/investing. It appears that you may be letting you political beliefs cloud you judgment.

re: Why earnings season will disappoint

Bill in Houston — Thu, 09 Jul 2009 14:44:40 GMT

Balanced Trader,

What initial recovery stages? I hate to say it, but in his own weirdly written way Anthony is correct.

Jobs are still being cut at a massive level (the pathetic joke that only 550000 new claims for unemployment last week is a good thing because they were expecting 590000? WTF?). Remember a short 18 months ago when people were alarmed at 325000 new claims? None of this is good news.

Obama and his merry gang are about to destroy two key industries with current legislation (health care and drilling) and those jobs WON'T come back. I've heard the BS line about "businesses becoming more efficient" but it is just patently false. Why? We were already near peak efficiency. What we're seeing now is business SHRINKAGE, not efficiency. Note the difference?

I used to be the most bullish guy on the planet. I had a picture of Fleckenstein on my dart board. Now I see the direction we're going and I've turned into a large grizzly bear. I'm in bonds and cash for a reason. I don't want to be hosed by the coming crash.

re: Why earnings season will disappoint

Balanced Trader — Thu, 09 Jul 2009 14:13:40 GMT

Anthony,

Week after week I read your bearish caterwauling, and its getting old. You should get a job with Tech-Ticker at Yahoo, you would fit in well there. Are you aware that stocks often bottom well before recovery is acknowledged, and furthermore, the initial stages of a recovery are swift and sudden (mar - may). Did it occur to you that analysts are raising their estimates because businesses are more efficient due to the massive cost cutting that has occurred?