Usually when I post an image and headline like this conditions quickly reverse the very next day. And here it is only Wednesday and it's almost a perfect storm of bad news. I say "almost perfect" because earnings reports overall are still pretty good with some stellar results from Boeing (NYSE:BA) and Amazon (NASDAQ:AMZN). Of course we can ignore a few bad apples like Juniper Networks (NYSE:JNPR) and Corning (NYSE:GLW), which is typical behavior.
We can't worry about everything when new issues like Dunkin Donuts (NASDAQ:DNKN) can go up 50% on a day like Wednesday. (Hell, that was almost as much as the debt clock is rising every month!) But, current earningsresults are "old news" and economic data indicates worse conditions ahead.
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