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To my mind, the earnings season actually begins this afternoon. All the bogus bank earnings don’t mean much to me, because when you’ve got an multi-trillion dollar backstop from the government, you aren’t running a business. You’re just in charge of a government agency. The real businesses start reporting after today’s close. Below are three of note. The first is United Airlines.
The most shamelessly BUY EVERYTHING site in the universe. ZH is now little more than a mouthpiece for the investment banks. Formerly a brother-in-arms, which is why it bugs me so persistently.
Well, slip me into a pink taffeta dress and call me Peaches. This is a bit of a surprise so far. After being absolutely petrified (actually, I was pretty damned cool about the whole thing, as I hope my tone in the prior post conveyed), it seems that the bank-driven bulls swiftly ran out of mojo.
Good morning, Slopers. Well, the wind continues to fully inflate the sails of the U.S.S. Bullish, as the world’s most protected and enriched “free” enterprise sector, the big banks, continues to produce excellent earnings. It’s sort of like celebrating that the Army and Marines secured funding for the year. It’s kind of a guarantee. In any event, the /ES has pushed based the Fibonacci retracement (red line) and is sporting a very saucer dish, ready to rock higher.
