lol what more proof do you need that the whole mkt is involved in huge conspiracy. everythig from the top down is better than expected
one should never try to trade on the fundamentals. they seldom make sense.Quote from piggie2000:
so if a company earned $4 in 2007 and the stock was $60. in 2008 they earned 50 cents and the stock fell to $15. in 2009 "expectations" are for 90 cents yet the stock is back to $55 and then do $1.40 thats better than expected right?the problem with this mkt is many stocks are back near all time highs with 1/3 the earnings of 2007 and having better than expected earnings is taking them to all time highs.. its just getitng old hearing better than expected used a million times
Quote from piggie2000:
so if a company earned $4 in 2007 and the stock was $60. in 2008 they earned 50 cents and the stock fell to $15. in 2009 "expectations" are for 90 cents yet the stock is back to $55 and then do $1.40 thats better than expected right?the problem with this mkt is many stocks are back near all time highs with 1/3 the earnings of 2007 and having better than expected earnings is taking them to all time highs.. its just getitng old hearing better than expected used a million times

Quote from vhehn:
one should never try to trade on the fundamentals. they seldom make sense.
Quote from the1:
That's true, they don't make sense but if the E doesn't catch up to the P a wicked correction occurs. Fundamental Analysis (or any analysis for that matter) is more art than science but with the passage of time earnings do matter and history does count.