Wednesday, October 31, 2007

Earning Report of Various Indexes and Industries

Look at Zacks article:

Earnings Reports Improving
By Dirk Van Dijk
Oct 25, 2007
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Perma Bears have been wrong for 20 consecutive quarters, so much so CNBC has removed Herb Greenberg from their show. This year, bears again proved to be wrong, up to date most industries enjoy double digits earning growth and higher surprise ratio than most analysts predicted. ADP Reports (just came out) also gave positive surprises. No sign of mortgage turmoil hurting small companies, to the contrary, service section and small companies are doing well.

Okay, Swimmer has been blamed for being too "macro" type. I should stop following the "big pictures" and getting back to the business of stock picking, focus on mostly good Chinese companies. If you like to have more of Fed watching, please leave your comments.

It's time to buy CLM, a high dividend yield closed-end-fund (Banana Republic Strategy).

Thanks,

Swimmer
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