AS LONG AS THE CEO'S BEAT "EXPECTATIONS"...THEIR STOCK WILL RALLY...SOMETIMES WILDLY.
BUT EXPECATIONS ARE SET BY THE CEOS...SO HOW COULD ANY "COMPETENT" CEO EVER "MISS" THEIR NUMBER...?
THEY CAN'T...!
IT WOULD BE HUGELY INCOMPETENT TO "MISS" A NUMBER YOU YOURSELF HAVE SET!!
INCOME GROWTH IS IMPOSSIBLE...BUT IT IS ALSO UNNECESSARY...
PROFIT IS NICE...BUT NOT REALLY REQUIRED...COMPANIES ARE SEEING MASSIVE DROPS IN NET PROFITS...YEAR OVER YEAR... BUT, AS LONG AS EXPECTATIONS ARE KEPT LOW ...THE STOCK CAN RALLY TO HUGE NEW HIGHS...
YES,...IT'S IRRATIONAL...BUT REMEMBER, THE US ECONOMY AND MARKETS HAVE BEEN IRRATIONAL FOR DECADES...! THIS IS NOTHING NEW.
BUT IT IS FED SACTIONED...AND THAT IS ALL THAT IS NEEDED...
THE MONKEY IN THE MONEY PILE...IS OIL...IF OIL HITS $80...SOMEONE MIGHT SOBER UP...
AS TO HIGHER GOLD...? FORGET ABOUT IT...THE WEAK DOLLAR IS NOW SEEN AS "GOOD FOR" STOCKS...AND THE WEAK DOLLAR IS JUST ANOTHER WAY OF SAYING SOARING GOLD...!!
THIS MARKET IS A MOONSHOT AS LONG AS GOLD SOARS...AND THE DOLLAR DROPS...
THE ONLY THING THAT CAN SOBER UP THE SECULATORS IS OIL...
WENT GAS GOES BACK OVER $3...IN THE US...THINGS COULD CHANGE QUICKLY...
AND WE ARE NOT THAT FAR FROM THAT...WITH GAS ABOUT $2.65+ IN MOST AREAS...
UNTIL OIL HITS $80...THIS MARKET IS A STRAIGHT UP MOONSHOT!!
