wow, this board is a case study for the tinkerbell theory of investing... "Clap if you believe!"
let's review the bullish points for today
CSCO's earnings... Oh Wow... they beat dumbed-down estimates due to cost cutting. Yes, they did have earnings if you don't count them dang pesky one-time charges... uhhhmmm, how many consecutive quarters has CSCO had "one-time" charges???... then they warn that going forward revenues will be "flat to down"... well, no matter, "Clap if you believe in pro-forma!".
Oh BTW, anyone need a CSCO router or switch? 5216 items currently on EBAY- search-desc.ebay.com
Okay, next bullish point... "Well, I don't care if we are technically still in a downtrend, I don't care these companies have no growth, don't have real earnings, and are historically overpriced... dang it to hell! I'm playin' the odds!... I think the 'odds are' the bear market 'may' be over... hell, gimme some to win on the #2 horse also, pretty good odds there if she comes in. What da hell, might as well get a lottery ticket while I'm at it, cover all bases"
Next bullshi.. I mean bullish point: has something to do with the War... "Well, there was that little skirmish in '90-'91 with Iraq and after that the market soared to da moon! I bet it's gonna happen again!... well, I'm overdue for winna! I'm playin' the odds"... "huh?? what? earnings?... don't gimme dat crap, I'm due for a winna here! I'm doublin' down!"
Clap if you believe!! |
