Friday, October 16, 2009

Earning season comes, uptrend comes?

This week US earning season starts. JPMorgan and Intel reported superb earning. Goldman Sachs's net income of $3.19 billion beat expectations on strong trading profits.

I think these earning reports can give us some indications on how the rest of the companies' earning reports will look like.

I also notice that for the last 2 quarters, when the earning season starts, so do the uptrend starts. When the earning season is near its end, there will be a short term correction. I wonder what will happen this time.

Good luck.

GOon

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