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Someone much more attuned to accounting practices had posted earlier about how the earnings are manipulated. I know that at
this time with stocks as low as they are, that firms are throwing every bit of bad news at the market and writing off or
marking down everything that they can to get it out of the way at this time. The talking heads have lowered earnings
estimates to the point where most of the companies will have little trouble meeting or beating them. The exact same case
for the ever increasing estimates on the way up. Companies like LU and XRX will all of sudden have earnings instead of
bankruptcy. It may look like 74 right now, but this market will be of note for its own actions in the future. So read the
charts, as they tell all, and the profits will come. Have a good week. Ira.
BobsKC wrote:
> Yes Ira .. I think that is true for a certain percentage of high tech firms
> but can you see a MMM investing in an AMZN? The high techs were investing
> in each other for sure and this contributed to the bubbleburst. I'm just
> suggesting that overall, the markets have sold off and this descrease in
> market cap has been a major catalyst in lower earnings across the
> board. The earnings drop didn' t precede the 70% drop in the NAS .... the
> first half of that happened without adverse earnings reports. Oh well,
> as so many have said in the past,... "who cares?" We make money
> regardless of where it goes as long as it goes.
>
> Bob
>
> At 07:16 AM 4/23/2001 -0700, you wrote:
> >could it be that a lot of their earnings came from their stock portfios
> >and when they went into the sewer so did their earnings. Ira
> >
> >BobsKC wrote:
> >>Still, examine why earnings fell. Could it be the stock prices fell and
> >>borrowing power went out the window? Could it be that large firms slowed
> >>buying from mid size firms who slowed buying from small firms who showed
> >>buying from micro cap firms? Net result is a down market falling further
> >>due to poor earnings from all size businesses and all the bad news due to
> >>stocks selling off. Of course, I'm not talking about the maze of dot.coms
> >>thrown together so a couple of techie types and their attorney could rip
> >>off a few mil while the craze was on. They're going away as they should
> >>and as they were intended to do by the organizers. I still say the tail
> >>is wagging the dog.
> >>
> >>Bob
> >>
> >>At 12:55 AM 4/23/2001 -0400, you wrote:
> >>
> >> >When the Fed cuts rates it gives an enormous sugar rush to the markets,
> >> >but fails to address the real problem which is corporate earnings. The
> >> >Fed only tweaks short-term interest rates which effect borrowing. Cheaper
> >> >money isn't going to dig the "dot bombs" or failing telecoms out of their
> >> >pit, so don't expect any long-term effect in stock prices.
> >> >
> >> >-- John
> >> >
> >> >--
> >> >
> >> >__________________________________________________________
> >> >
> >> >John T. Nelson | John's Trading Journal
> >> >trader@xxxxxxxxxxxxxxx |
> >> <http://trader.computation.org/>http://trader.computation.org/
> >> >__________________________________________________________
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