The dark real world, though, in the interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell, cut estimates ahead of their quarterly reports. Those reports are going to be coming out soon. Amazingly, while the whole market initially shuddered in an acrosstheboard selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign with the dow ultimately dipping 28 points, s p declining 0. 33 , and the nasdaq losing 0. 27 . These two earnings wni time, worse time for the industrials at least which had been rallying ahead of the soon to be released quarterly reports. But as is often the case, money flowed into other sectors as soon as the disappointments happened, notably the banks and retailers once the cyclical smoke cleared. Despite a tepid nonfarm payroll report, at least according to the prognosticators, these two groups helped the markets m
The interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell, cut estimates ahead of their quarterly reports. Those reports are going to be coming out soon. Amazingly, while the whole market initially shuddered in an acrosstheboard selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign with the dow ultimately dipping 28 points, s p declining 0. 33 , and the nasdaq losing 0. 27 . These two earnings warnings couldnt havco time, worse time for the industrials at least which had been rallying ahead of the soon to be released quarterly reports. But as is often the case, money flowed into other sectors as soon as the disappointments happened, notably the banks and retailers once the cyclical smoke cleared. Despite a tepid nonfarm payroll report, at least according to the prognosticators, these two groups helped the markets midafternoon r
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