BULLISH!!!!

How could corporate profits at all-time highs, with the largest companies in the world reducing their earnings projections at a record pace, be anything other than bullish for the stock market? Wall Street isn’t pumping and dumping money losing IPOs like there is no tomorrow because they know what is just around the corner. Record margin debt and record levels of bullishness never end in tears. Corporate insiders selling their own stocks at an all-time record pace surely isn’t a warning sign. The muppets have finally been lured into the market, as mutual fund flows into stocks have picked up in 2014. We all know what happens to muppets. Ask Goldman. Every warning sign is flashing red. CNBC and the Wall Street shysters assure you it’s the best time to buy. Just like the National Association of Realtors told you it was the best time to buy a house in 2005. Everything is bullish!!!

According to John Butters, senior earnings analyst at FactSet, 93 out of the 111 companies in the S&P 500 that have issued an earnings outlook for the first quarter have guided below Wall Street’s consensus estimate. That’s the second-highest number of companies issuing warnings since FactSet began tracking guidance data in 2006. The highest number came just three months ago — for 2013’s fourth quarter.

4 thoughts on “BULLISH!!!!”

  1. Another boffo day in the stock market; we’re all gonna be rich!

    You can hear, if you listen closely, the lemmings yelling “but Jim Cramer said……”

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