drmalaka

Soup Target; Cramer's Mad Money (7/22/08)

Cramer is a fool. Last week he said C was going to single digits. Which one is it? Before that he said stay away from banks when they reach single digits, now WM and WB are good buys?

As for oil, its drop is a bad macro event. Oil is dropping because of a fear that global demand will drop because of a global slow down. Duh, a global slow down is not good for equities, it is bad. Global growth is all that has kept this theoretical market going at all.

The Truth Behind Earnings Labels

degu what are you talking about? As I recall the market was unstopable from Aug through October, going from 12500 to 14200 after the summer swoon. How great would you have felt writing what you did after that little run?

Investors want to believe good news and that is what they are doing. They did the same thing last fall, how did that work out?

So you think it is rational for a market to be 8% down from its crazy inflated highs after what we know about the credit crisis, soaring commodity prices and a pending recession?

Numbers are coming down but companies are being rewarded for meeting lowered guidance. A ten percent cut in earnings is leading to a five percent drop in stock price and when earnings are met we see a rise in the price. The bottom line is earnings went down.