Tuesday, July 13, 2010

Spinning a Top

We are coming to the conclusion of the monster rally off of 1006.  I doubt that we selloff much today as traders are going to want long exposure ahead of INTC. 

The thing about  earnings expectations is that they are usually inversely proportional to future market performance.   Since earnings expectations have been high for this quarter and for next year, future market performance is likely to be weak.  Again, opposite of what happened in 2009. 

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