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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (572)1/28/2014 5:38:46 PM
From: Jerome  Read Replies (2) | Respond to of 26800
 
American Greed.....This earnings season its become apparent that no matter what a company reports for earnings, some find fault with the result and cry about how their expectations were not met. A sell off follows, that hurts the average stock investor.

Today APPL reports $13.10 billion dollars in profits and some feel miffed.
GLW reported better than expected earnings and the stock still tanked.6%
CRUS reported strong earnings and top line growth and the stock is down in after hours
T reported good earnings and revenue growth and again the the stock is down after hours.

I do not believe that there is any pleasing the American stock investor. One could say that expectations were too high, but I say that expectations were unrealistic to be begin with. Every quarterly report I have ever seen has some area of minor concern.

This leads us to the point where nothing is ever going to be good enough. This results in throwing out the good stuff along with the trash. No one is served in this environment.