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Strategies & Market Trends : Sharck Soup

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To: American Spirit who wrote (19158)4/27/2001 10:05:39 PM
From: truthcommission  Read Replies (2) of 37746
 
Nah, earnings period is almost always an upwards catalyst for the markets. With a few exceptions, the market rallies after pre-announcements end and earnings begin. I have a large number of associates who short-sell professionally, and they were all covered going into this earnings season. They, like myself, have re-set some shorts and are maintaining large cash positions. An enormous amount of stimulus has been injected into the economy (2 full points), and I think that the rate cuts have pretty much finished after May's meeting. That's a good thing though for the bull case. Eventually the strength of the economy will propel the market higher, and not just short-term reactions to surprise rate cuts. I agree whole-heartedly that the long-term outlook is good for the markets and economy. I'm neither a bull nor a bull, I'm a trader.
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