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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

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
  • 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

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 | 2079228 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.

Thu, 01/19/2012 - 17:07 | 2079237 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 | 2079266 pragmatic hobo
pragmatic hobo's picture

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

Thu, 01/19/2012 - 18:01 | 2079415 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 | 2080294 blunderdog
blunderdog's picture

(to break from the motif...)

There's never been a better time to retire!

Thu, 01/19/2012 - 17:22 | 2079296 Karl von Bahnhof
Karl von Bahnhof's picture

Et tu Google?

Little pullback, bitchez.

Thu, 01/19/2012 - 18:32 | 2079505 Blano
Blano's picture

Contact Million Dollar Bonus for those opportunities of a lifetime.

Thu, 01/19/2012 - 18:50 | 2079578 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 | 2079244 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 | 2079254 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 | 2079328 Caviar Emptor
Caviar Emptor's picture

Treasury today sold TIPS at negative rate 

Thu, 01/19/2012 - 17:14 | 2079263 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 | 2079390 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 | 2079235 digitlman
digitlman's picture

There will not be any QE3.



Thu, 01/19/2012 - 17:12 | 2079255 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 | 2079342 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 | 2079394 SheepDog-One
Thu, 01/19/2012 - 17:58 | 2079406 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 | 2079513 Blano
Blano's picture

I thought bonner was one of Santa's reindeer.   

Thu, 01/19/2012 - 17:16 | 2079272 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 | 2079305 SheepDog-One
SheepDog-One's picture

And then?

Thu, 01/19/2012 - 17:37 | 2079346 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 | 2079396 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 | 2080195 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 | 2079277 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 | 2079299 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...


Thu, 01/19/2012 - 17:28 | 2079318 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 | 2079329 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 | 2079337 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 | 2079838 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 | 2079365 catacl1sm
catacl1sm's picture

There already is.... FX SWAP

Thu, 01/19/2012 - 19:57 | 2079741 LongBallsShortBrains
LongBallsShortBrains's picture

There will not be any End to QE3.



Thu, 01/19/2012 - 17:07 | 2079236 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 | 2079239 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 | 2079241 SmoothCoolSmoke
SmoothCoolSmoke's picture

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


Thu, 01/19/2012 - 17:11 | 2079253 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 | 2079310 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 | 2079314 A Lunatic
A Lunatic's picture

Top Ramen

Thu, 01/19/2012 - 17:08 | 2079243 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 | 2079333 SheepDog-One
SheepDog-One's picture

Youtube sucks ass these days, no one there anymore.

Thu, 01/19/2012 - 17:10 | 2079248 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 | 2079259 Roland99
Roland99's picture

AdBlock Plus FTW!


Thu, 01/19/2012 - 17:16 | 2079270 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 | 2079293 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 | 2079321 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 | 2079368 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 | 2079334 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 | 2079373 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 | 2079934 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 | 2079251 AnarchoCapitalist
AnarchoCapitalist's picture

GOOG down over 9% after-hours.

Thu, 01/19/2012 - 17:24 | 2079300 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 | 2079330 BurningFuld
BurningFuld's picture

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

I wish them all the best!

Thu, 01/19/2012 - 17:51 | 2079385 nflux
nflux's picture

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

Thu, 01/19/2012 - 17:12 | 2079256 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 | 2079267 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 | 2079606 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 | 2080246 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 | 2080315 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 | 2079264 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 | 2079268 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 | 2079453 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 | 2079538 Blano
Blano's picture

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

Thu, 01/19/2012 - 20:47 | 2079885 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 | 2080664 jimijon
jimijon's picture

Apple vs Google.

Jimijon vs Reggie.


Who won?




Thu, 01/19/2012 - 17:16 | 2079269 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 | 2079298 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 | 2079331 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 | 2079341 The Swedish Chef
The Swedish Chef's picture

GOOG misses or the analysts miss? 

Thu, 01/19/2012 - 17:47 | 2079374 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 | 2079274 digitlman
digitlman's picture

We have reached Peak Google®

Thu, 01/19/2012 - 17:23 | 2079297 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 | 2079322 Cheesy Bastard
Cheesy Bastard's picture

Then why don't they let us search?

Thu, 01/19/2012 - 17:55 | 2079400 pods
pods's picture

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


Thu, 01/19/2012 - 18:41 | 2079544 Blano
Blano's picture

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

Thu, 01/19/2012 - 17:48 | 2079376 Sudden Debt
Sudden Debt's picture

The same guys who predicted Peak Bandwith?

Thu, 01/19/2012 - 17:20 | 2079286 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 | 2079289 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 | 2079345 slaughterer
slaughterer's picture

GOOG lost lots of money on their alt energy project. 

Thu, 01/19/2012 - 23:30 | 2080223 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 | 2079291 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 | 2079292 Hansel
Hansel's picture

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

Thu, 01/19/2012 - 17:21 | 2079294 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 | 2079295 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 | 2079417 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 | 2079498 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 | 2079549 Blano
Blano's picture

There are also many better investments than this.

Thu, 01/19/2012 - 17:28 | 2079311 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! 


Thu, 01/19/2012 - 17:36 | 2079340 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 | 2079349 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 it.

Thu, 01/19/2012 - 17:39 | 2079352 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 | 2079338 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 | 2079344 jcaz
jcaz's picture

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

Thu, 01/19/2012 - 17:39 | 2079351 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 | 2079355 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 | 2079379 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 | 2079410 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 | 2079421 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 | 2079551 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 | 2079825 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 | 2079339 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 | 2079361 SheepDog-One
SheepDog-One's picture

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

Thu, 01/19/2012 - 17:52 | 2079386 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 | 2079353 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.

Thu, 01/19/2012 - 17:41 | 2079359 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 | 2079366 fonzannoon
fonzannoon's picture

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

Thu, 01/19/2012 - 18:14 | 2079446 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 | 2079362 slewie the pi-rat
slewie the pi-rat's picture


nobody does it better!

Thu, 01/19/2012 - 17:55 | 2079399 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 | 2079404 AmazingLarry
AmazingLarry's picture

Buy Netscape! Keep it OS, bitchz.

Thu, 01/19/2012 - 17:59 | 2079407 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 | 2079539 SDRII
SDRII's picture

axp down  on higher credit costs..

cof down on major cost miss




Thu, 01/19/2012 - 19:29 | 2079678 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!

Thu, 01/19/2012 - 19:50 | 2079729 Mark123
Mark123's picture in and get some of those cheap Goog shares....chance of a lifetime.  Brokers are going wild!

Thu, 01/19/2012 - 19:49 | 2079724 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 | 2079758 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 | 2079765 pitz
pitz's picture

Google is such junk. 

Fri, 01/20/2012 - 00:29 | 2080328 covert
Fri, 01/20/2012 - 03:27 | 2080475 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.

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