The markets were explosive based upon WFC alleged earnings outlook boost, saying they’ll produce a $0.55 EPS rather than a $0.23 EPS. Interesting information, considering the fact that WFC is saying that the Wachovia buy out allowed them to push their outlook an extra $0.32. Call it crazy, but it sets up REALLY interesting scenarios for Monday (like it wasn’t already interesting enough). The earnings buzz that will be dispersed via internet throughout the 3-Day weekend will either do one of three things to the market on Monday:
If you would like to see a chart of the $SPX, check out RaginCajun’s site:
http://www.ibankcoin.com/rcblog/index.php/2009/04/09/sp-500-update/
For now, I leave you with my current holdings and percentage allotment in each:
Later today I’ll be giving you a preview of my earnings swings for next week. Until then, enjoy your 3-Day weekend!
ZMoose
