Today is the single most important day of the Centrury.
1. Apple dissapointed and the stock is down a point or two.
2. A plethora of companies reported light earnings and warn going forward.
3. Sandy Weil, man who built TBTF and the Architect of the Financial Crisis, is calling for a breakup of the big banks.
4. The FED leaked their plans for more QE before the election.
Can you guess which way the market is going this morning? Simply take everything you ever learned and throw it out the window.
Now get with the program!
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“Was that wrong? Should I not have done that? I tell you, I gotta plead ignorence on this thing, because if anyone had said anything to me at all when I first started here that that sort of thing is frowned upon… you know, cause I’ve worked in a lot of offices, and I tell you, people do that all the time.”
Esteemed financial commentator George Costanza, commenting on earnings, guidance, the TBTF banks, the Fed’s uncanny way of telegraphing its intentions, and explaining the entire LIBOR scandal to boot.
Aren’t you supposed to be making sense of this stuff for us?
Wan’t I crystal clear? I thought I was!