Better than expected has a new meaning . Instead of down 90% only down 70% and stk pops 50%

[hafez50]

In the old days better than expected meant business was up 15% instead of 10% . Now with expectations in the gutter down 60% when expectations were down 90% salivates the robin hood traders and the stock runs 50%. I'm surprised banks have 1 penny of deposits as you can make 50% in many stocks every day.Short the banks.lol

 

[Cuddles]

chitchat>>

 

[Scataphagos]

"Better than expected"... Wall Street's biggest (?) manipulation?

Say... Last year's earnings were $2/share. This year, consensus estimates are $1.50 (intentionally lowballed?).

Then... when earnings are reported as "1.60/sh", market pops from celebration of "beating (lowered) estimates".

Funny thing... when the earnings estimates were revised lower from $2/sh to $1.50, the market disregarded that fact and didn't sell down.