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Tech Earnings Barrage Summary

Tyler Durden's picture





 

GOOG, first on deck, swing, and a miss - Source

  • GOOGLE 4Q ADJ. EPS $9.50, EST. $10.50
  • GOOGLE 4Q REVENUE $10.58 BILLION, EST. $8.41
  • GOOGLE 4Q COST-PER-CLICK DOWN ABOUT 8%
  • GOOGLE 4Q PAID CLICKS UP ABOUT 34%
  • GOOGLE 4Q TAC $2.45 BILLION
  • GOOGLE 4Q CASH HOLDINGS $44.6 BILLION
  • GOOGLE OWNED WEB SITES GENERATED $7.29 BILLION IN REVENUE

Beat on top line, miss on EPS - Margin Compression?

Next: MSFT - Source

  • MICROSOFT 2Q REV. $20.89B, EST. $20.92B
  • MICROSOFT 2Q EPS. $0.78, EST. $0.76
  • MICROSOFT CORP BING U.S. MARKET SHARE, AT 15.1% UP 300 BPS Y/Y
  • More layoffs: Microsoft is revising operating expense guidance downward to $28.5 billion to $28.9 billion for the full year ending June 30, 2012.

Beat on bottom, miss on top

Next: IBM - Source

  • IBM 4Q REV. $29.49B, EST. $29.71B
  • IBM 4Q OPER EPS: $4.71, EST. 4.62
  • Full year 2012 Expectations: GAAP EPS of at least $14.16 and operating (non-GAAP) EPS of at least $14.85

Beat on bottom, miss on top

Next: INTC - Source

  • INTEL 4Q REV. $13.89B, EST. $13.72B
  • INTEL 4Q EPS 64C, EST. 61C
  • INTEL SEES 1Q REV. $12.8B +/- $500M, EST. $12.76B
  • INTEL SEES Q1 GROSS MARGIN AT 63%

Beat on top and bottom.

GOOG -9% after hours...

and in context...back to 11/25 lows

 

and IBM +2% after-hours

 


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Thu, 01/19/2012 - 17:07 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

CNBC providing covering fire as ordered, sir.

The Federal Reserve is likely to step in with $1 trillion worth of easing that could be announced as soon as this month, according to a growing consensus of economists who see the recent uptick in economic growth as unsustainable.

  

The goal of the purchases will be to drive down interest rates even further from current record-low levels

 

Of course, the announcement also could push stock prices higher, as did the Fed's last balance sheet expansion begun in November 2010.

http://www.cnbc.com/id/46058897

Thu, 01/19/2012 - 17:07 | Link to Comment I think I need ...
I think I need to buy a gun's picture

speaking of tech stocks i'm VERY interested in them, things like past money makers like Sun Microsystems which are buy and holds for life, I'm also interested in Vegas residential real estate in the desert and most of all 30 year government bonds,,,,,,,,

Thu, 01/19/2012 - 17:15 | Link to Comment pragmatic hobo
pragmatic hobo's picture

reminds me ... did ever get around to issuing 100 year bonds?

Thu, 01/19/2012 - 18:01 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

I'm also interested in Vegas residential real estate in the desert and most of all 30 year government bonds,,,,,,,,

,,,,,,,and don't forget, it's a great day to buy or lease a GM.

Fri, 01/20/2012 - 00:13 | Link to Comment blunderdog
blunderdog's picture

(to break from the motif...)

There's never been a better time to retire!

Thu, 01/19/2012 - 17:22 | Link to Comment Karl von Bahnhof
Karl von Bahnhof's picture

Et tu Google?

Little pullback, bitchez.

Thu, 01/19/2012 - 18:32 | Link to Comment Blano
Blano's picture

Contact Million Dollar Bonus for those opportunities of a lifetime.

Thu, 01/19/2012 - 18:50 | Link to Comment LiquidityandLunacy
LiquidityandLunacy's picture

Im interested in vegas real estate at the right price.

 

Why wouldnt you want to have a little summer home there for like 20 grand of fiat?

Thu, 01/19/2012 - 17:08 | Link to Comment Bumblebee Tuna
Bumblebee Tuna's picture

Is this CNBS trying to suck more retail money into this fantasy market?  S&P 500 approaching multi-year highs... Oil above $100, and we need easing?  LMAO!

Thu, 01/19/2012 - 17:17 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

...and we need easing?

"To drive down interest rates" [from 1.9% on the 10yr]

Treasury 10-year yields fell for a third day before reports forecast to show U.S. inflation is in check as the economy expands.

 

 

Thu, 01/19/2012 - 17:31 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Treasury today sold TIPS at negative rate 

Thu, 01/19/2012 - 17:14 | Link to Comment CClarity
CClarity's picture

In a word . . . YES.

CNBC touting the "beats" vs the "misses".  Typical.  "Intel up nicely (2%)"  No mention of Google down 8.25%.  More horseshit!

Uh-oh.  That guy just said he'd sell into strength and thinks this is a headfake.

Thu, 01/19/2012 - 17:53 | Link to Comment SheepDog-One
SheepDog-One's picture

LOL Hedgeless...I mean WTF!! 'Yea sure, we're fully recovered and no economic problems at all, BUT, we're not SURE if that can be sustained so we got to keep printing and pumping the bullshit.'

Time for more QE carrots and sticks! We've left full retard long ago and plunged into Fucktardville.

Thu, 01/19/2012 - 17:07 | Link to Comment digitlman
digitlman's picture

There will not be any QE3.

 

 

Thu, 01/19/2012 - 17:12 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

As long as merely talking about it accomplishes what it in itself is supposed to accomplish, you will be correct.

Thu, 01/19/2012 - 17:36 | Link to Comment Sudden Debt
Sudden Debt's picture

It's like when you pick up a girl in a dancing and when she starts to talk dirty in your ear.
A real turn on that give you a bonner. The can do it all night. And when you take her home, you where horny like all evening that it only takes you 5 seconds to finish it.
The talk in the dancing ws more fun than the deed.

Thu, 01/19/2012 - 17:58 | Link to Comment SheepDog-One
Thu, 01/19/2012 - 17:58 | Link to Comment EvlTheCat
EvlTheCat's picture

Would it not be more apropos, in this "market", to say that the boner producing lady turned out to be a dude?  .....And the ensuing circle jerk still only took you 5 seconds.

Thu, 01/19/2012 - 18:34 | Link to Comment Blano
Blano's picture

I thought bonner was one of Santa's reindeer.   

Thu, 01/19/2012 - 17:16 | Link to Comment pragmatic hobo
pragmatic hobo's picture

deep down you know there will be ... not only qe3 but qe4 as well.

Thu, 01/19/2012 - 17:25 | Link to Comment SheepDog-One
SheepDog-One's picture

And then?

Thu, 01/19/2012 - 17:37 | Link to Comment King_of_simpletons
King_of_simpletons's picture

Prop up the stock market and pretty soon sheep will forget what QE stands for and will cheer more QEs by awarding Bernanke the title "Maestro of the 21st Century". Wall Street bonuses will be in Trillions of dollars and future QEs will be get multiplied by a factor of 10. Wallets will get bigger. A standard size briefcase will be called a Wallet and a Volkswagen Beatle will be called a Handbag. A big mac will cost $ 999.99.

Thu, 01/19/2012 - 17:54 | Link to Comment xela2200
xela2200's picture

Don't forget real estate. Inflate all those underwater mortgages and make the sheep feel better.

Thu, 01/19/2012 - 23:09 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

There is a certain point where debt saturation will occur. Everyone will be knee deep in debt. Zero percent interest, it won't matter. The end game is coming, Bennie better accept that.

Thu, 01/19/2012 - 17:18 | Link to Comment tekhneek
tekhneek's picture

You're right, because they never fucking stopped in the first place. Just because he's not holding press conferences announcing the rape and pillage of the dollar doesn't mean he's not... raping and pillaging the dollar.

Thu, 01/19/2012 - 17:24 | Link to Comment Bumblebee Tuna
Bumblebee Tuna's picture

The M2 chart looks like Bernank has been feeding the printing presses Viagra.  Unofficially, we're probably at about QE7 right now, with the M2 pump, foreign bailouts, Euro swap lines, MF Global fallout stick save...

http://www.economagic.com/em-cgi/charter.exe/fedstl/m2sl

 

Thu, 01/19/2012 - 17:28 | Link to Comment Comay Mierda
Comay Mierda's picture

hence the epic rally in SPX.  and it may continue. ZH should put out a chart of SPX priced in gold every week.  That way we can see the TRUE valuation

Thu, 01/19/2012 - 17:31 | Link to Comment SheepDog-One
SheepDog-One's picture

QE7 already done and digested minimum....and every day the beast gets larger and hungrier for more.

Thu, 01/19/2012 - 17:34 | Link to Comment Caviar Emptor
Caviar Emptor's picture

This week China infused liquidity into interbank system, IMF requested $500 billion (hints at $1 trillion), ECB LTRO continues as balance sheet explodes and new talk of capping yield spreads, US breaches debt ceiling and announces 1 million mortgage principle write downs (more printing required)

Thu, 01/19/2012 - 20:31 | Link to Comment Everybodys All ...
Everybodys All American's picture

Truer words have never been spoken. The news is slowly getting out though. I think the interest rate swaps and the derivative markets on Treasuries will someday be the story that finally breaks this madness once the people begin to understand the charade.

Thu, 01/19/2012 - 17:44 | Link to Comment catacl1sm
catacl1sm's picture

There already is.... FX SWAP

Thu, 01/19/2012 - 19:57 | Link to Comment LongBallsShortBrains
LongBallsShortBrains's picture

There will not be any End to QE3.

 

 

Thu, 01/19/2012 - 17:07 | Link to Comment knight99
knight99's picture

There will no qe with oil 100+ and market 5% from recovery highs. Google miss priced into the market just like every fking thing else.... until it isnt then we will see.

Thu, 01/19/2012 - 17:08 | Link to Comment apu123
apu123's picture

Why worry about such mundane things like earnings and margin when Uncle Ben is going to have an LSAPathon?

Thu, 01/19/2012 - 17:08 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

HOPIUM........ for the Bears!

Yessssssssssssssss.

Thu, 01/19/2012 - 17:11 | Link to Comment Bumblebee Tuna
Bumblebee Tuna's picture

When a bearish site like Zero Hedge starts getting overrun with bullish comments, then the top must be close.

Thu, 01/19/2012 - 17:26 | Link to Comment Comay Mierda
Comay Mierda's picture

the market just realized that Federal Reserve Notes = Funny Money so the top just might be infiniti.  But priced in gold it will prob crash pretty hard.  The Bernank is firing up his helicopter.

Thu, 01/19/2012 - 17:26 | Link to Comment A Lunatic
A Lunatic's picture

Top Ramen

Thu, 01/19/2012 - 17:08 | Link to Comment whatsinaname
whatsinaname's picture

How do they manage to keep upping their revenue quarter after quarter ? Is it youtube that is accruing or just their search clicks ? Obviously those clicks not generating much profit now..

Thu, 01/19/2012 - 17:32 | Link to Comment SheepDog-One
SheepDog-One's picture

Youtube sucks ass these days, no one there anymore.

Thu, 01/19/2012 - 17:10 | Link to Comment Sudden Debt
Sudden Debt's picture

Most companies start to realize that google ads is a scam. I'm in marketing and i don't want to use it. To expensive for what it is. It's for the lazy marketeers who have no clue and a to big budget. And in a crisis....

Thu, 01/19/2012 - 17:13 | Link to Comment Roland99
Roland99's picture

AdBlock Plus FTW!

 

Thu, 01/19/2012 - 17:16 | Link to Comment junkyardjack
junkyardjack's picture

I yearn for the day Adblock figures out how to block the ads in videos too

Thu, 01/19/2012 - 17:22 | Link to Comment Sudden Debt
Sudden Debt's picture

Actually, here it's called Imovie (not mac related) and your program starts 10 minutes later and skips all the commercials.
Not exactly worth the money... I like TV adds :)

Thu, 01/19/2012 - 17:28 | Link to Comment Karl von Bahnhof
Karl von Bahnhof's picture

Little off-topic, but isnt there in Brussels main square a little nice beer pub called SUDDEN DEATH ?

Thu, 01/19/2012 - 17:45 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

remember the good ol' days when there wasn't an advertisement at the beginning of every video?  like 2 years ago, (in edith's voice singing) those were the daaaaays

Thu, 01/19/2012 - 17:33 | Link to Comment iLoveMisesToPieces
iLoveMisesToPieces's picture

I could not agree more.  I'm as experienced as one can be with Adwords and think it is a complete and total money black hole for most.  Everyone plays follow the competition and bids up the price to the point of destroying margins.  If you don't have a highly targeted and optimized campaign and at the same time, can very directly calculate the value of a click (e.g an e-commerce type site) you're in for a raping.

Thu, 01/19/2012 - 17:47 | Link to Comment catacl1sm
catacl1sm's picture

Yup. However, if you know how it works, have a good sales funnel and all, you can be the one doing the raping.

Thu, 01/19/2012 - 21:05 | Link to Comment The Swedish Chef
The Swedish Chef's picture

It´s not the first time I hear similar opinions about Google Ads. Wonder why not more people catches on...

Thu, 01/19/2012 - 17:10 | Link to Comment AnarchoCapitalist
AnarchoCapitalist's picture

GOOG down over 9% after-hours.

Thu, 01/19/2012 - 17:24 | Link to Comment Sudden Debt
Sudden Debt's picture

Half of America's lemmings population just lost 9% on their 401k.... Which isn't 401k but way less but you know what i mean.

Thu, 01/19/2012 - 18:39 | Link to Comment BurningFuld
BurningFuld's picture

Serves them right for stealing the Android OS.  I mean GOOG that is.

http://www.pcworld.com/businesscenter/article/247258/oraclegoogle_trial_...

I wish them all the best!

Thu, 01/19/2012 - 17:51 | Link to Comment nflux
nflux's picture

don't worry, it'll be green by the open tomorrow

Thu, 01/19/2012 - 17:12 | Link to Comment Northeaster
Northeaster's picture

Love IBM. They give the outgoing CEO a $170 million dollar parachute, and layoff thousands over the past six months here and in Europe, not a word in the press. Well, the first female CEO I guess was news, fuck all the pink-slips.

Thu, 01/19/2012 - 17:15 | Link to Comment Divided States ...
Divided States of America's picture

How many more shares did IBM buy back this Q to pad their EPS?? They seem to miss on top line every fuckin quarter yet beat EPS easily. Are the analysts covering it stupid?? Things up another 4 bucks in AH on these less than stellar results.

Thu, 01/19/2012 - 19:00 | Link to Comment Northeaster
Northeaster's picture

I'm just super angry as my wife is having the life sucked out of her and there's nothing I can do.

Back in the day, I remember when she had a fucking cot in her office, which when we were young was ok, but now, we have fucking kids (decade later) and they still pull the same shit. Don't get me worng, they pay fairly well, into six figures, but after jetisoning all the people to pay off one fucking guy, THEN change how everyone else will be paid when their time comes, it's a big FU to people that literally ate, drank and slept at IBM to make sure they were successful. FUCK IBM. Like CONgress and Wall Street fucks, I want to hang them too, I see this shit every day when I look at my wife.

Thu, 01/19/2012 - 23:43 | Link to Comment earnyermoney
earnyermoney's picture

My wife left IBM shortly after Gertsner took over. Got tired of the BS you mention. She never missed the place. I'm an IBM acquisition, LOL. IBM gradually turns off the oxygen to the development teams of the products they aquire as they transition development to India and China. All we hear is 2015 profit plan.

Fri, 01/20/2012 - 00:22 | Link to Comment blunderdog
blunderdog's picture

my wife is having the life sucked out of her

I'm no Rand-fan these days, but Atlas shrugged.  Any human being with integrity and self-esteem should decline to permit an employer to ruin one's week.  They don't deserve that power.  The things that are threatened as the most horrendous things in your immediate future often aren't a big deal.

Thu, 01/19/2012 - 17:15 | Link to Comment poor fella
poor fella's picture

Earnings are UP!!

 

As long as there are people to fire and shares to buy back.

Thu, 01/19/2012 - 17:15 | Link to Comment tekhneek
tekhneek's picture

I'm just waiting for Apple's earnings. I wouldn't be surprised if they crush their projections.

Thu, 01/19/2012 - 18:17 | Link to Comment a growing concern
a growing concern's picture

iPad 2, new iPhone, new iPhone carriers... I agree. I think it'll be one for the record books.

Thu, 01/19/2012 - 18:40 | Link to Comment Blano
Blano's picture

No way are they screw up the first earnings report after Jobs' passing.

Thu, 01/19/2012 - 20:47 | Link to Comment Everybodys All ...
Everybodys All American's picture

I'm not convinced the Tim Cook compensation expense won't be a rather large problem for the eps.

Fri, 01/20/2012 - 09:06 | Link to Comment jimijon
jimijon's picture

Apple vs Google.

Jimijon vs Reggie.

 

Who won?

;-)

 

Reggie???????

Thu, 01/19/2012 - 17:16 | Link to Comment Cult_of_Reason
Cult_of_Reason's picture

GOOG net revenue, excluding traffic acquisition costs, came in at $8.13 billion. Analysts were expecting earnings of $10.51 per share on net revenue of $8.43 billion.

GOOG misses both, top and bottom.

Thu, 01/19/2012 - 17:23 | Link to Comment Hansel
Hansel's picture

Why is it ok for GOOG to back out traffic acquisition costs?  It's a key part of their business isn't it?  Non-GAAP is fucking bullshit.

Thu, 01/19/2012 - 17:32 | Link to Comment Cult_of_Reason
Cult_of_Reason's picture

Analyst estimates for GOOG are always without traffic acquisition costs.

Comparing oranges to oranges, GOOG missed revenue too; revenue came in $8.13B vs. $8.43 estimate.

Thu, 01/19/2012 - 17:36 | Link to Comment The Swedish Chef
The Swedish Chef's picture

GOOG misses or the analysts miss? 

Thu, 01/19/2012 - 17:47 | Link to Comment Sudden Debt
Sudden Debt's picture

Yeah... The price it's now isn't the price where the dart landed on... Strange... If only octo paul was still alive to handle the predictions....

Thu, 01/19/2012 - 17:16 | Link to Comment digitlman
digitlman's picture

We have reached Peak Google®

Thu, 01/19/2012 - 17:23 | Link to Comment tinsmith
tinsmith's picture

Peak Google is a myth perpetrated by people in tinfoil hats with too much gold and canned food. New Google deposits are being discovered all the time, and with advances in technology we should have all the Google our economy needs for generations!

Thu, 01/19/2012 - 17:30 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Then why don't they let us search?

Thu, 01/19/2012 - 17:55 | Link to Comment pods
pods's picture

They let you search all you want, but the returns have to be approved by the ministry of truth.

pods

Thu, 01/19/2012 - 18:41 | Link to Comment Blano
Blano's picture

Does it only cost $5 an ounce to dig up?

Thu, 01/19/2012 - 17:48 | Link to Comment Sudden Debt
Sudden Debt's picture

The same guys who predicted Peak Bandwith?

Thu, 01/19/2012 - 17:20 | Link to Comment The Deleuzian
The Deleuzian's picture

Miner indexes getting hammered all week even though GLD stood tough...Never a good sign for the general equity market...Could it be?  Could we have a short term top? 

Thu, 01/19/2012 - 17:21 | Link to Comment WTF_247
WTF_247's picture

I would guess there is more to Google than margin compression.  They beat rev estimates by 2bil, yet missed eps by 1.00 - that would be a massive compression in margins.  My guess is there are charges etc having to do with moving into new markets, or shutting down some divisions.  Could be wrong but that seems way out of character for Goog unless ad rates have dropped through the floor.

Thu, 01/19/2012 - 17:36 | Link to Comment slaughterer
slaughterer's picture

GOOG lost lots of money on their alt energy project. 

Thu, 01/19/2012 - 23:30 | Link to Comment earnyermoney
earnyermoney's picture

GOOG is blowing their wad on lots of stupid ideas. Lack of focus if you ask me.

Thu, 01/19/2012 - 17:21 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Goog - miss, IBM - miss, AMEX - miss.  AND /ES IS UP AH.     WHAT...THE, and.........F!!!!!!!!!!!!!!!!!

Thu, 01/19/2012 - 17:21 | Link to Comment Hansel
Hansel's picture

All companies and analysts can shove non-GAAP accounting up their asses.

Thu, 01/19/2012 - 17:21 | Link to Comment SDRII
SDRII's picture

IBM will simply not be allowed to go down - didt you see the 2020 outlook

Add capital one and Amex to the swing and miss catagory (margins)

 

Thu, 01/19/2012 - 17:22 | Link to Comment Roy T
Roy T's picture

 

INTC beat on a lowered guide from them sometime in December about 1 month ago  So that is phony IMO.

Thu, 01/19/2012 - 18:01 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

Intel has a trailing PE of 11 prior to earnings and yields 3.40%, there are many worse investments than this.

Thu, 01/19/2012 - 18:29 | Link to Comment Roy T
Roy T's picture

Fair enough, but it is a beat according to the talking heads.  On Bloomberg TV, the anchor was congratulating the CFO for beating expectations without mentioning it was on lower guidance from one month ago.

Thu, 01/19/2012 - 18:42 | Link to Comment Blano
Blano's picture

There are also many better investments than this.

Thu, 01/19/2012 - 17:28 | Link to Comment SheepDog-One
SheepDog-One's picture

Tech earnings sucking balls...oh so THAT must be why Nasdaq is over all-time highs right now! Higher than the .com bubble....higher than the ridiculous real estate bubble! 

WAHOO!!

Thu, 01/19/2012 - 17:36 | Link to Comment jcaz
jcaz's picture

LOL-  oh, is Nasdaq back over 5000?   Sit down, 4th grade isn't over yet....

Thu, 01/19/2012 - 17:45 | Link to Comment SheepDog-One
SheepDog-One's picture

Inflation and money-printing adjusted....I knew morons wouldn't get that point but oh well worth a try. I'll remember to keep all posts in simplest terms...only 'red' or 'green' from now on....got it.

Thu, 01/19/2012 - 17:39 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Stocks pricing in new wave of money printing, which already started. But bonds pricing in deflation, which already started. Fed and other global central banks think that the cure is moer money printing. 

Thu, 01/19/2012 - 17:34 | Link to Comment The Swedish Chef
The Swedish Chef's picture

Sucks to get your bias kicked up your ass, doesn´t it? Broken markets, manipulation, the end is nigh...but earnings are quite upbeat all things considered. Trade accordingly. Adapt to the market, it won´t adapt to you.

Thu, 01/19/2012 - 17:37 | Link to Comment jcaz
jcaz's picture

Buying and hoping isn't trading, dimbulb...

Thu, 01/19/2012 - 17:39 | Link to Comment homersimpson
homersimpson's picture

In other words, you really don't know which way the market is going, and the earnings are only "upbeat" since the stock price reflects it.

I'm not invested in these companies, but to say earnings are quite upbeat all things considered is hogwash. The bar is set so low a 6 month old can hop over it.

Thu, 01/19/2012 - 17:46 | Link to Comment SheepDog-One
SheepDog-One's picture

Oh, earnings 'up-beat' again...yes I see, lower the hi-jump bar to 5 feet underground and everyone drags themselves across it....'up-beat' well according to who the cheerleading Wall St whores over at CNBS?

Thu, 01/19/2012 - 17:58 | Link to Comment The Swedish Chef
The Swedish Chef's picture

There is not a doubt in mind that regardless of what is said by analysts and acheived by companies you´d hear the same dystopic drivel amongst the commentators here...

 

Analysts expected little you say? Well, according to page after page of comments on ZH the economy is in the shitter. What do you want? If they expected a lot you´d be whinig about hopium and whatnot. 

 

Prognosis in touch with reality and earnings at least in the same neighborhood. Isn´t that a supposedly good (read: honest) thing?

 

And my positions are doing quite nicely, thank you. Some up, some down but ahead of market. And yes, I got gold and silver because I too think this can´t go on forever.

Thu, 01/19/2012 - 17:59 | Link to Comment SheepDog-One
SheepDog-One's picture

There is no doubt in my mind that if stocks are down -5% tomorrow your ass would be nowhere to be seen.

Thu, 01/19/2012 - 18:10 | Link to Comment The Swedish Chef
The Swedish Chef's picture

Regardless of how stocks go I won´t be anywhere to be seen because I´m leaving town tomorrow. I won´t have internet access... And you are confusing me with someone else. And you are hanging quite a hefty strawman in front of me as I said nothing about stocks, I just pointed out the fact that there is doomsday bias among many ZH readers.

 

Just like when I said that sub-$5 BAC was money in the bank. No end to the junking but how did that go? Ohhh, +40% at todays close? Who woulda thunk it? 

 

PS I wasn´t me that junked you. DS

Thu, 01/19/2012 - 18:44 | Link to Comment homersimpson
homersimpson's picture

"Prognosis in touch with reality and earnings at least in the same neighborhood. Isn´t that a supposedly good (read: honest) thing?"

Not when you can constantly set the bar lower at will and companies get rewarded for it via automated buying by a bunch of HFT sheep. It's one thing if you set the bar lower once in a blue moon, but this bar lowering charade that's been going on for quite a while now is beyond ridiculous. Wall Street is the only place where you can set the bar lower on yourself multiple times a quarter and shockingly "exceed expectations" yet get heavily rewarded for it by a bunch of HFTs.

If your logic was applied to students, they'd all receive A's on a certain test because each student would only fill out the parts that they know, yet have the gall to tell the teacher they deserve an A simply because they answered only what they knew.

Meanwhile, save the BS about adapting to the market. There's no adapting to the market. It's strictly gambling at this point, and nothing else. You mind as well tell us to adapt to a roulette table and tell us when to bet on a random number. When the market can swing 400+ points in any given direction during a random time period, get back to me with your adapting techniques. (But why would you disclose those adapting techniques? If you really could adapt to the market, you'd have your own book, financial service, or TV show like Cramer.)

Here's one ZH that hopes reality sets in, because many US taxpayers are getting tired of funding Wall Street for their reckless spending and gambling. If that happens, that would be a good thing.

 

Thu, 01/19/2012 - 20:28 | Link to Comment The Swedish Chef
The Swedish Chef's picture

We are third year in to what many of us call a depression. What the fuck do you want? Where is the money gonna come from? They say $XX and delivered $XX. And if the stunent said "I´m going to write a D on the exam" and wrote a D he would get...a D. And adapting isn´t really that friggin hard. Look at GOOG. Earnings missed and what happened? Stock fell. Adapt to that. 

 

And then you go on to making a classic double mistake. " If you really could adapt to the market, you'd have your own book, financial service, or TV show like Cramer" In one swift move you assume that I would want to seek fame or even (financially) need to. Rethink, oh bitter one. 

 

And for funding Wall St... You lost big in the market, I get that. I know the feeling. Last years volatility took some serious cash out of my pocket and I got dispaired. Yet I never got to blindly lashing out like you do. Guess what, on the next serious dip, cash out all you got and buy physical gold. At least your whine will be of a different flavor.

Thu, 01/19/2012 - 17:35 | Link to Comment mktsrmanipulated
mktsrmanipulated's picture

but according to the economist and the govt --- we need to get the housing mkt back on track for the economy to grow...TRY JOBS FUCK NUTS --- msft laying off nice

Thu, 01/19/2012 - 17:42 | Link to Comment SheepDog-One
SheepDog-One's picture

'We need to get the ridiculous housing bubble re-inflated....somehow'....is all theyre really saying.

Thu, 01/19/2012 - 17:52 | Link to Comment catacl1sm
catacl1sm's picture

Don't they know that all they need to do to reinflate a bubble is blow? Get at it Bernanke!

Thu, 01/19/2012 - 17:40 | Link to Comment MarkTwainsMustache
MarkTwainsMustache's picture

Don't forget Intel already warned lower back on Dec. 13 2011.  They came in way below their and the street's previous estimates.

 

http://www.independent.co.uk/news/business/news/intel-warns-of-diluted-profits-as-thai-floods-hit-its-supplies-6276253.html

Thu, 01/19/2012 - 17:41 | Link to Comment Caviar Emptor
Caviar Emptor's picture

As predicted under biflationary model: market drifts up on monetary expansion, but individual companies margins begin to crumble from deflation constraining consumer spending and input cost inflation. Booyaaa!

Thu, 01/19/2012 - 17:44 | Link to Comment fonzannoon
fonzannoon's picture

At what point in the biflationary model does it pay off being short?

Thu, 01/19/2012 - 18:14 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

Good point.  Even if net margin gets crushed from 10% down to 2%, if nominal sales go up 500%, are they really going to give a shit?

Thu, 01/19/2012 - 17:42 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

thxz!

nobody does it better!

Thu, 01/19/2012 - 17:55 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

The thing is, nominal gains can go on forever.  Real gains have been done for a long time, and probably aren't coming back.  We've been in a state of slow bleed since the late 60's/early 70's.  Be a leech, or get leeched.  Those are the only options.

Thu, 01/19/2012 - 17:57 | Link to Comment AmazingLarry
AmazingLarry's picture

Buy Netscape! Keep it OS, bitchz.

Thu, 01/19/2012 - 17:59 | Link to Comment Squid Vicious
Squid Vicious's picture

INTC red now.... GOOG bouncing but still down 40+... SPY's green... wtf!!!!

Thu, 01/19/2012 - 18:39 | Link to Comment SDRII
SDRII's picture

axp down  on higher credit costs..

cof down on major cost miss

 

 

 

Thu, 01/19/2012 - 19:29 | Link to Comment SMFStreetTrader
SMFStreetTrader's picture

Google hit support at $573 currently trading $10.50 higher in AH LIVE AFTER HOURS: Google Earnings Miss Street, Shares TANK! http://www.youtube.com/watch?v=w2LZWe2YvhU

Thu, 01/19/2012 - 19:50 | Link to Comment Mark123
Mark123's picture

Quick...run in and get some of those cheap Goog shares....chance of a lifetime.  Brokers are going wild!

Thu, 01/19/2012 - 19:49 | Link to Comment Mark123
Mark123's picture

Total rubbish....who cares what their earnings are in a world where the economy hinges on the government spending $2 for every $ it collects.  And just think of all the juicy profits these tech firms earn from crazy government regulations, snooping, anti-terrorist bullshit regualtions forced on the population.  And it does not hurt them to have the Fed creating unlimited cheap credit that corporations can use to reduce THEIR costs at the expense of savers.  Makes the matrix look reasonable....

Given time this phony baloney so-called economy will crash under its own weight.  And they (politicians, MSM etc) will claim nobody saw it coming.

Thu, 01/19/2012 - 20:04 | Link to Comment YesWeKahn
YesWeKahn's picture

I see water falls and gysers. I am sure that the gravity will take care of all of them.

Thu, 01/19/2012 - 20:06 | Link to Comment pitz
pitz's picture

Google is such junk. 

Fri, 01/20/2012 - 00:29 | Link to Comment covert
Fri, 01/20/2012 - 03:27 | Link to Comment I Dont Get It
I Dont Get It's picture

so do ppl who use this site solely to promote their own blogs ... post something meaningful of shut the fuck up.

Do NOT follow this link or you will be banned from the site!