No Hurry!
Tuesday, July 20th, 2010
The selling of earnings news, earnings that generally speaking are coming in better than expected although revenue growth has been lackluster, continues with the reports from IBM last night and Goldman Sachs this morning. The result, the title of this commentary, “No Hurry!” Let’s let earnings season play out and let’s let the sellers have their way for awhile until we get some equilibrium between buyers and sellers back into the market. That may take a few days and make take away a few percentage points of the recent rally, but not much more.
Be patient.
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