Folks, there are three distinct factors that are driving these markets right now: earnings, Europe and China. Let’s break it down, shall we? Earnings. I’ve talked a lot about the lowering of expectations for corporate earnings and how they might have gotten too low over the course of the last couple of months. I also [...]
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Folks, after nine straight sessions of gains and an 11% move in the S&P, the markets are in the red this morning on news from—you guessed it—Europe. Germany once again lowered expectations on finding an end to the European Union’s debt crisis, saying that a summit of European finance leaders wouldn’t be likely to produce [...]
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Folks, looking at the market today, I see some good news and some bad news. Which do you want first? Let’s start with the bad news—that way, we can end on a positive note going into the weekend. Sound ok? The Bad News: European Debt Crisis This debt problem in Europe continues to be an [...]
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