Tim A.,
Seriously, most of us on the QC thread are kind of anti-MOT but there is a level of objectivity. In this case, I can't find anything positive to say. The MOT earnings report is about as bad as can be. Everywhere you look is disaster after disaster - rev dn, orders dn even more, no new products, competitors killing them, $2B charge.
According to CNBC, MOT actually traded up after hours because they "beat" expectations.
The scary part about this whole scenario is that despite of all the information available for free these days, the quality of investors appears to going in reverse. As Gregg said, newcomers with an online acct are investing as if it is the latest video game. In due time, the actual amount of business conducted through E*Trade, AmeriTrade etc will probably shock the industry. Everyone now has access to a buy/sell button so quickly that daily 10 point swings for the likes of Yahoo is inenvitable.
What would happen to the market if every Tom Dick and Harry are playing daytrader with grocery money? If these video game button pushers one day decide to play with QC, what strategy would make sense for the rest of us?
Ramsey |
