Most, not all, of the stocks have actual net earnings in todays markets....
In the '90s a good business plan would have an IPO....no revenue much less any earnings.....
What PE is the sp500 at today??? So as earnings come in strong the market will go up.....and that is without any expansion of the multiple.....
Also, I believe, there is very few "dumb money" traders.....most, not all, traders today are pretty savvy.....
Watch gappers....run up to a technical or % level and then reverse textbook style.....no silly prices on IPOs....
I am not aware of any stock that has run up without earnings...just on "hype"...
AAPL, HANS, NTRI, JSDA are big gainers but all have very real fundamental reasons for the increase....
Market will move higher if earnings continue to increase.....
This is a very simple business boys.....
SteveD
In the '90s a good business plan would have an IPO....no revenue much less any earnings.....
What PE is the sp500 at today??? So as earnings come in strong the market will go up.....and that is without any expansion of the multiple.....
Also, I believe, there is very few "dumb money" traders.....most, not all, traders today are pretty savvy.....
Watch gappers....run up to a technical or % level and then reverse textbook style.....no silly prices on IPOs....
I am not aware of any stock that has run up without earnings...just on "hype"...
AAPL, HANS, NTRI, JSDA are big gainers but all have very real fundamental reasons for the increase....
Market will move higher if earnings continue to increase.....
This is a very simple business boys.....
SteveD
