Pessimistic Optimist

Why Don't Earnings Matter Anymore?

Tough decisions these days. I am in that same boat on financials, retail and then low and behold homebuilders. When the Toll bros are selling millions of shares forecasting the demise or at least a lower retracement/correction of the building sector it makes me wonder. Do I throw them over my shoulder, give them a scratch and go in or do I sit this one out and wait a bit...more. Maybe their own stock is all they are concerned with, who can really say. Cyclically this has been the way I have played and done well but right now, I am standing vigilant on the sideline. Maybe a USB to shore up a few loose ends. This is a tough market.. and to ride it, your on a roller coaster that looks to be head on into a train. No matter how you look at it, it's ugly. Good luck