Dow Jones could hurtle past 13,000 mark... today's 'news'...
I would guarantee a sell-off by Tuesday and the revelation that a great many of the earnings reports were bogus, helping propel the stocks up for the intended sell-day.
Tuesday, Wednesday at the latest.
Otherwise, who's kidding who? Anyone with any attention span knows that in every period of the last three years, the initial 'earnings reports' were bogus from many of the major companies.
2007-04-22 08:09:46 · 1 answers · asked by Anonymous in Business & Finance ➔ Corporations
Not sure if you have a question or are just venting.
Sure, many companies get "puffy" when it comes time to forecast their companies upcoming quarter/year. In the end, these companies will get what they have coming to them. You should never (NEVER) buy a stock based on just one forecast. Look at the history of the company and see what has happened with their other forecasts for the past few years. If this is the first one that didn't hold, shame on them. If it is the latest in a line of puffy forecasts, shame on you for buying their stock.
2007-04-23 09:24:39 · answer #1 · answered by JJ 5 · 0⤊ 0⤋