Friday, April 11, 2008

GE earnings pulling us down

As mentioned before, no matter how well the market behaves, bad earnings and guidance will drag us lower, and currently the dow is down nearly 200 points on GE's earnings miss/guidance. Next week we have many more reports coming in and quite frankly I don't think they are going to be pretty. Maybe we'll price them in today, but long term I don't see a solid bottom here.

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