lazzybum

Markets Reverse Back to Top of Trading Range

The glass is half empty. The market expected an empty glass in March. May be not entirely empty. Just 90% empty. Most of the traders and Bears want you to believe the glass is broken. Do we expect CSX to increase its revenue ? Do we believe BAC and C are not zombi banks ? Do we expect the retail sector come in with great profit ? Do we expect the unemployment rate will stay below 10% ? Of course not. If we do, why are the stocks are priced so low ?

GS's trading profit may or may not be sustainable. It is not a great investment for average Joe. When the company makes maoney the majority of the profit will be paid out in salaries and bonuses. When it lost money, we pay for it. All those great and almighty traders almost drove the company into bankruptcy when the time is not right. Why do we think those great and almoight traders and managers should be paid in 7 figuer bonuses ?

The housing data is turning up in California two months in row. GOOG, IBM, BAC,INTC, and countless other companies turn in better than expected result. The market went down since June 11 with little expectation. Now we got one week of up market and the bears are complainning !