Markets Now Negative for 2006

Saturday, January 21, 2006 | 05:41 AM

click for larger graphic

Infodjia060120chart

chart courtesy of WSJ

>

Was it Japan's Livedoor investigation and market disruption? Iran's nuclear ambition? Oil at $68? Avian flu?

No.

I'll say this as plainly as I know how:  A wide cross section of blue chip companies shit the bed.

Major Misses on Revenue, Earnings or Guidance
Dupont
Alcoa
Yahoo
Intel
Apple
eBay
GE
Citibank

This wasn't company specific, this wasn't sector driven, this is not a technical call. This is the Crème de la Crème of corporate America, acknowledging a slowdown in the economy. Period.

If there is another rational explanation, I'd sure like to hear it . . .

 

 

Saturday, January 21, 2006 | 05:41 AM | Permalink | Comments (4) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d834a332ca69e2

Listed below are links to weblogs that reference Markets Now Negative for 2006:

Comments

Barry, I read your blog religiously everyday, but I am a little bit confused recently. You said the market would go to 2600 first then plunge in second half of the year, however, with Corporate America already showed the signs of slowdown, like your analysis here, is it still possible for market to rocket up in the first place? are you re-considering your forecast at the moment?

I believe this is also what Rev and Cody are concerned too. You were bashing the market while holding long positions.

I am holding bearish view too, but with different journey. 2006 high could be already in.

Posted by: K | Jan 21, 2006 7:03:09 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner