PROPPING CONTINUES
These “prop jobs” are becoming a daily “in your face” activity plain for all to see; but more importantly, we’re basically long so why complain?
Alcoa’s earnings were a miss. That dragged down global equities fearful that economic growth via demand for materials would suffer. But, Alcoa always reports funky earnings numbers replete with write-downs and all manner of unique quarterly mumbo-jumbo.
For the most part, markets marked time waiting for results from Intel, Linear Tech and CSX Corp among others. After the bell, earnings from all three beat...READ MORE!
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