Surprise!
And so the earnings season is almost over. Pity that shaman who predicted that the market is going for another nose dive this April (I know it's not May yet, but close enough!) because some stars are going to collide, and he's going to be rich and famous because his predictions are right! (go home)
Back to the earnings season. Most people may have been taken by surprise (including myself) at how not-bad the announcements are, some are surprised, but also skeptical,
LOLfed, "so I was mildly surprised when Wells Fargo announced their Q1 profits, a little skeptical when JPM did the same, in utter disbelief when Citi did so, and now Bank of America’s $4.25b profit claim has me convinced they are just out-and-out lying and making up numbers. What’s next, record profits at Washington Mutual? And as it happens, I’m right to think these numbers are pretty meaningless."
The earnings are encouraging, yet it scares me for some reason. Tempted to argue that if I am totally emotionless, it would make me a better trader. Yet medics proves that as human without emotions, we would be totally incapable of making decisions. Er, can't win can I.
But I shall wait and see. (I just hope it's not some creative accounting.. again!)
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