1. Earnings 2. Reaction 3. Guidance

Once again Barry Ritholtz provides some timely information on market conditions, with a look at the current earnings season.  The chart showing the stock price reactions is most informative.  Barry’s explanation, however, is not very persuasive.  First take a look at his data: Link: 1. Earnings 2. Reaction 3. Guidance. We are about halfway through […]

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A Debate from TheStreet.com

Two of my favorite market pundits are Scott Rothbort and Doug Kass.  They both write for the professional (and more expensive section) of TheStreet.com, and get some air time on CNBC and mentions in other places as well. I like Rothbort’s analytic approach and maybe the fact that he still teaches a college class on […]

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Discounting and “Baking in”

This note is important to understand what is going on with the current earnings reports and the market reaction.  Read to the end for a nice illustration, even if the concept is one familiar to you. The market is, of course, forward looking.  Everyone with money at stake is attempting to make predictions about the […]

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