Earnings Bonanza Sparks Dow Buying Panic As VIX Nears 8 Handle

Thanks to 'beats' by MCD, CAT, and UTX, The Dow is soaring in the pre-market - up over 110 points, back near record highs.

Despite GOOGL hovering near post-earnings lows (-2.8%), Nasdaq Futs are levitating along with S&P Futs...

as VIX is clubbed like a baby seal to 9.12...

Comments

Racer Tue, 07/25/2017 - 08:26 Permalink

Lower the bar so they can 'beat' then raise the 'expectations until just before the next 'earnings' and again drop the bar - rinse repeat ad infinitum - snake oil sales patter

c2nnib2l Tue, 07/25/2017 - 08:34 Permalink

I've got a serious question here forex relatedUS Data is about to be published... and not sure I can hold this pair anylonger USD/CAD same as USD/JPYthoughts on this one ? how low can it go ? will it bounce back ... USD / JPY was trying to rocover and it just droped again even more :D help me out... 

vofreason Tue, 07/25/2017 - 08:41 Permalink

Can't we just get it over with already, .... so tired of the nonsense.Every article does the same thing too for instance GM today,....net income down 42% but all the headlines focus on them beating earnings. I can see why the public thinks everything is great though as when all you see is "earnings beat" and then every "analyst" says "earnings look strong" (I really wish they'd correct them on air and say "why?!...even though earnings are flat for years now?")......you'd be forgiven for thinking that means companies are making more and more money......but they don't understand that the market could be losing money every year (or just treading water like it has) while if you lower expectations to companies losing 10% every year the headlines still read "beat earnings" year after year which partly creates these bubbles as most just don't know what is actually happening.   It's just so frustrating.  

Russdiamon Tue, 07/25/2017 - 11:09 Permalink

So VIX is at an all time low, something like that won't stay that way forever. This guy I follow has been calling for a drop in the near future, and the current moves have been matching what he says to expect. His track record is actually great for his market timing. I definitely would recommend taking a look at what he has to say.  Check it out