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Strategies & Market Trends : Sharck Soup
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To: American Spirit who wrote (19158)4/28/2001 12:58:49 PM
From: DebtBomb  Read Replies (1) of 37746
 
From daytraders.com: We are now getting towards the latter part of this season earnings season,
which means that we have already seen most of the critical reports come in. So
far, the majority of the reports have not been extremely positive about the
future, which could put the spotlight on economic reports in the near term. A
great deal of the buying that has occurred in the equity markets in April was
based on expectations that the economy will recover in the late in 2001.
Recall, however, this was the same reason investors rallied stocks in January,
only to see the markets completely fall out of bed in the February and March.
We are not saying the same thing will happen this time around, but from the look
of corporate profits thus far, the US economy could take a bit longer than many
are predicting to turnaround.
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