Stock Market responds again! On Earnings ...
ITS EARNINGS SEASON!!!
If you are not familiar with the stock market's vagarities on a regular basis, earnings for the last quarter are reported in the first month or so after the quarter ended. A first glance at how the company did during the last quarter (the 3rd quarter ended Sept. 30th). The companies have fairly set times when they announce, so there is "bank" week, oil company week, etc. - though some do not conform to any schedule.
ANYWAY, today was a big day!!
From the New York Times:
Oil prices, bank stocks, the U.S. dollar strength - do not bode well for the stock market's near future projections! Note the "future projections" of earnings in the reports as these comments are usually the most important.
If you are not familiar with the stock market's vagarities on a regular basis, earnings for the last quarter are reported in the first month or so after the quarter ended. A first glance at how the company did during the last quarter (the 3rd quarter ended Sept. 30th). The companies have fairly set times when they announce, so there is "bank" week, oil company week, etc. - though some do not conform to any schedule.
ANYWAY, today was a big day!!
From the New York Times:
The bloodletting began early after a batch of weak earnings from some of the nation’s largest industrial giants. Boeing, Merck, and Wachovia — major businesses across a range of industries — all reported poor earnings for last quarter and warned about a bleaker outlook for the remainder of the year.From Bloomberg.com:
Oil prices, bank stocks, the U.S. dollar strength - do not bode well for the stock market's near future projections! Note the "future projections" of earnings in the reports as these comments are usually the most important.
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