Trading Now

Trading Now

Monday, October 19, 2015


International Business Machine reported earnings
EPS $3.34 v $3.30 expected. 
Sales $19.28b v $22.40b 

It's a huge miss. Share price takes the hit from $149.22 dropped to $141.79. 

Earnings today have been less than enthusiastic. Morgan Stanley reported dry as a hump earnings across all of its desks. 

What does this tell us? Not much since the Fed trades in every asset class now. Central banks will raise rates a .25 basis point only to cut at the next meeting if conditions warrant.  Fed lady Nester? said as much today. I say why bother raising then? 

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