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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (19158)	4/27/2001 10:05:39 PM
From: truthcommission	Read Replies (2) \| Respond to 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.

To: American Spirit who wrote (19158)	4/28/2001 12:58:49 PM
From: DebtBomb	Read Replies (1) \| Respond to 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.