what does it all mean?
Posted by carol
Earnings are everywhere. Google. Bank of America. Nokia. Allstate. That’s just a glimpse of today’s reports. Some lost. Some gained. But what does this all mean? Well, it means that the economy is having a rough time and that’s why everyone’s earnings are up and down. There’s no consistent trend. Banks are reporting mixed results. The Dow still remains strong. 10-year treasury note yields are up. So just make sure to keep an eye out on the market. We could be in for months of instability, or it may all soon come to pass.
Here’s what some people thought:
Bob Pisani of CNBC doesn’t think it’s all that bad.
Silicon Alley Insider analyzed Google’s earnings and how positive they are.
Looks like tech companies did well. Maybe they’re worth investing in. But when were they ever not worth it, especially if you’re an innovating tech company?
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