Sunday, July 12, 2009

Earnings Season is Upon Us

The second quarter was all about the "Green Shoots" which I described adequately in the pictorial below. I wonder how earnings will be presented.... 2Q was great and we are cautiously optimistic for 3Q and 4Q.

http://oahutrading.blogspot.com/2009/07/i-found-green-shoots.html

All asset classes are tracking each other. DID YOU HEAR THAT? This is not normal. It is part of deleveraging / deflation. They are all going down together.

EARNINGS: a number of issues we have talked about have earnings this week.

WWW, YUM, GAP, HOG, JPM, MAR, PII, ESLR, SCHW

Also, one I didn't chart was HOKU. They have heavily invested into PV panel manufacturing while PV panel prices are crashing, they are just building a factory now.

And watch USO, oil is crashing, but this is a possible long.

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Insightful and Useful Comment!