europe and china, uncertainty from wall street, though, from reports from amazon last night and starbuck, but applause for gargantuan hoemd home builder dr horton. it caused the dow to gain 12 points. s&p back slid 1.8%. nasdaq down .33% him whenever we hear that earnings season has been downbeat and i m hearing that a lot, it makes me cringe. there s nothing so uniform or homogenized about earnings season that these statements can hold water. you see, there are two trends about how the earnings reports are shaping up in april. the first is that if the company does a tonne of business oversea, it most likely is disappointed, but if most of its business is domestic, it did darn well. the second is that even within individual sectors, we saw tremendous disparities to performance depending on execution. procter & gamble, for example, could not go over the choppy environment, but colgate prevailed pretty much everywhere it operated, which is why one went up, oneรง went down. thi
nasdaq rising iing 2.5%. but the common reframe over the last week is stunning, remarkable. the operative term for this rally is bogus as in the rally is one gigantic bogusity about to unravel at any second or even started unraveling today if they are willing to acknowledge there s been a rally at all. since most of the people who watch this show own stocks and are decidedly not professional short sellers, i m sure you re wondering how could any rally be hated? what s the deal? why not embrace higher prices and celebrate? why not get in rather than disit from the sidelines? when stocks go up what the heck is not to like let alone actually despise? maybe we ought to spend some time analyzing this. this point of view i keep hearing simply because it will enliten you. this used to plague me and hurt my performance and made me not make a lot of money until i realized how the stock market really works. let me demystify the big objections to this rally, the things that make people