A New Trend?

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For some reason, Alcoa is traditionally the first major company to announce during earnings season, and this was the result last night…….

aa

This evening, some bigger players are coming out. There’s IBM:

ibm

……and American Express:

axp

I suspect the bulls will counter that the massive tax cuts (e.g. reductions in corporate taxes funded by massively higher government debt, which will ultimately suffocate the nation) is going to remedy this little bit of nastiness. Meh. I don’t think so. All the same, it’s nice to see some red.

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