S&P 500 Earnings Update

Here’s an update to a story I wrote this past weekend.  It looks like Standard and Poors has updated some of their earnings estimates, but they also updated the reported earnings since I posted. Here’s a link to a spreadsheet on Standard and Poors site.  If you read my last post, you’ll notice a few […]

What a difference a year makes

Last January I was beginning to get tired of reading stuff like “kitchen sink quarter” and “this is a great time to buy real estate” and “this is the time to buy stocks”.  One evening I happened to read a post by Doug Kass entitled “Buy the Financials. Yes, Buy” in which he made a […]

News Headlines on Friday

I thought the headlines on Friday were interesting.  There was ZERO good news about the economy, and all the economic and earnings reports were worse than expected.  But the stock market went up.  Makes no sense to me. Here are the top headlines from Reuters Business news as of 12:57pm (ET) yesterday. GM, Ford losses […]

GE earnings miss isn’t a shocker

Wow, lots of stories today about the “shocking” earnings miss (and lowered forecast) by GE.  MarketWatch said “GE’s warning pokes hole in recent sentiment that credit crunch has passed” and “The rebound had been fueled by renewed sentiment on Wall Street that the worst of the credit crisis — including the threat of spiraling financial […]

Shifting Sentiment

I was reading an article on CNN tonight and happened to see these lines: But sentiment seems to be shifting as of late. “It’s still too early to tell,” said Thomas Nyheim, portfolio manager at Christiana Bank & Trust. “But I do think that when you have Ben Bernanke, the IMF, and all these strategists saying […]

Don’t argue with the market

Some headlines from today for perspective. Fed Officials Saw Contraction in Economy `Likely’ Washington Mutual to slash jobs despite cash injection Pending home sales index off 1.9% in February: NAR Credit crunch cost $1 trillion estimates IMF Basically there was a lot of bad news that came out today, and the US stock markets were down […]

Disconnected again

After the bell tonight, Alcoa released their first quarter earnings.  Earnings dropped 54%, from $662 million (75 cents/share) last year, to $303 million (37 cents/share) this year.  According to Bloomberg analysts were expecting earnings to be 50 cents/share. Since they missed expectations big time, you’d think shares would drop, but no, shares of Alcoa are up […]