Coming off of Q4 08, and the panic that ensued, it does make sense to me now why we have rallied. The bar was set low, very very low, and I definitely didn't consider the effects low analyst estimates would have on propping up the market.
Thursday, April 23, 2009
Skeptical
Its no secret I am skeptical of this rally. CNBC's webpage really makes me question what this rally is all about. The theme of Q1 earnings season has been: earnings are down, but beat analysts estimates, market goes higher. Over and over again. AMZN, AXP, MSFT do the same in after hours today.....
Coming off of Q4 08, and the panic that ensued, it does make sense to me now why we have rallied. The bar was set low, very very low, and I definitely didn't consider the effects low analyst estimates would have on propping up the market.
Coming off of Q4 08, and the panic that ensued, it does make sense to me now why we have rallied. The bar was set low, very very low, and I definitely didn't consider the effects low analyst estimates would have on propping up the market.
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