Disney Releases Earnings Early, Misses, Stuns RoboChurners, Sends Market Lower
Millions of robots are jarred out of their somnolent churn as Disney not only reports earnings half an hour early (was supposed to be after the close), but misses on both top and the bottom line. This is yet another demonstration that in a market priced to perfection, the smallest deviation from the equilibrium can bust everything. DIS now down 5%, and has sent the entire market lower. At this point the market is really testing the POMO resolve over the next 20 days. After all there is only so much garbage the Fed-Citadel complex can buy.