Wednesday, January 21, 2009

Earnings (Mid-week Update-Update)

Remember waaaaay back on Sunday when I said that guessing where things would be on Thursday would be a fool's errand? Yesterday's stomach-churning drop in the markets is a perfect illustration of why. The landscape changed in just one afternoon. The discussion below is going to be based on mid-morning data since I have some personal things to attend to after that. Here's an updated table for Thursday and Friday and the link:

Spreadsheet Link

Update: And what a difference a morning makes. I get back to my desk and it's like yesterday never happened. Why even bother with commentary? -5%, +5% back to back... and since I don't do intraday commentary, the Sunday table will just have to stand on its own as a point of reference.