I'm Convinced! Investors are ignorant
INTEL posts record 3Q profits with a full year guidance that is within and perhaps could be higher than analysts have estimated if it hits near the $10.9 billion upper projection.
Yet all we hear from the investment community:
"Intel 3Q profit inches past estimates"
5 cents a share increase Year over Year is "inching" past estimates?
"Intel's Tepid Outlook (Update)"
Tepid? Tepid? There isn't much difference in their range than the range originally stated. Should they achieve at or near the upper projection there's no way anyone could see this as "TEPID."
What really annoys the heck out of me is that somehow this financial crisis along with construction and housing, is susposed to be enough proof that we are in a 100 years bear market disaster Oh My God. Further making things look foolish are the countless analysts and investors who are saying, and even sounding GLEEFUL about it, that we should be SCARED about these 2 earnings quarters. SCARED????
SCARED OF WHAT??????
SCARED OF THIS?
IBM (beats estimates)
INTEL (beats estimates)
ALTR (beats estimates) Altera Corp.
JOHNSON and JOHNSON (beats estimates)
LLTC (Beats Estimates) Semiconductor company
DNA (Beats Estimates) DNA = Genentech
LOOK! That's 3... Count em...3 CHIP Makers... 3 SEMICONDUCTORS.... All producing BEATS on earnings 3rd Quarter... All surprising the easily surprised Investment Community..... All proving Wall Street WRONG about our economy and the world's economy!
Everybody is beating estimates in this supposed DOW 9000 - 10000 Economy we are supposed to be wallowing in..... How in the world is that possible that everyone is slaughtering estimates in the 3Q except over-extended PEPSI, when we are lead to believe the Investment Community is a bunch of elitist economists who know it all? And so they can't be wrong? This is a recession! How dare anyone say otherwise?
The SKY IS NOT Falling.... This has got to be one of the Wealthiest most Productive most Profit Making most Earnings Successful, Job Creating, Recessionary Economies I have ever seen in my lifetime!