Expectations Suck
I hate analyst expectations.
It’s the reason why the market decided to rally this week – because earnings came in better than expected.
Sure the economy slowed down. Sure the Fed indicators pointed to a huge contraction in March. Yeah, inflation is kickin and we’re loosing jobs.
But you know what?!? Google is still making money!!!!! (they beat by 32 cents, I guess paid click didn’t slow much. But, I’ll wait to see what happens next quarter).
And up the market goes…
I had to get out of my TRA call at a very slight loss. And my DIA puts are underwater right now. Here’s to hoping that tomorrow sees some selling early on.
So what will I do next?
Honestly, I’m going to get prepared for a speech I’m giving out in Orlando, Florida with three of my colleagues.
Then after that, I’m going to socialize, drink a little, and ponder the market a little bit. Then on Monday, I’ll have a nice little plan of action.
Hello Charles,
I understand how you feel about the market. I saw that it have been pretty hard with the last recommendation. I’m a subscriber of global profits hotline and honestly I would have preferred the market to go in the other direction. Like you though it will go. Banks are still reporting big loss, but suddenly, like you said, those losses are expected and become normal news. (Which to have bought GNK last week…)
In another subject I did love your article about LEDs! Since then I try to look for the best player. But there are so many companies in that field!!! I got lost… Like you mention PHG look good, but they are in Europe (bad for export because the Euro is so expensive) and the TV division slumping. (But they have a really cool dividend and a low P/E.) CREE who already got contracts to convert four or five city downtown lighting. He looks in really good position to make a lot of money! They just expands them network with providers in order to accelerate LED adoption and reduce cost. But they do not have dividend (ok for a tech stock) and they have a really really high P/E. 47.94! They report Tuesday… we will see if the earning has been boost…
I looked for a report and recommendation about LEDs companies. Do you know where we can find such report for that field in order to screen something out of all those companies?
(Sorry for my English…)