but trades down....
sounds like expectations were a little high.
I had a conversation yesterday about Intel Vs JP morgan...
that intel was a possible good sign about the economy, but Jp morgan was just a sign that the infinite shell game continues. It's no surprise that JPM and GS are doing well.
but my point is that Intel traded back to the tuesday close, and JPM and the banks ran.
So good news, bad price action.
Maybe I didn't share this, but expectations are that this quarter will be as many good beats at last quarter. Which means to beat expectations, not only do you have to hit a home run, you have to hit it out of the park.
2 comments:
GS big beat... ominous that it's sell the news. FAZ?
I think they will sell it, but after they sell this morning... it will bounce.
so maybe sell... but then be prepaired to hedge the spx.
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