Here we go again. It's day 2 of 90-day trade negotiations but that doesn't stop the market from ignoring TERRIBLE Industrial Production numbers out of Germany which paints a very ugly picture for the Euro Zone and Samsung just beat Apple by a mile, saying their Q4 operating profits will decline 29% but those look great compared to LG, who are warning their profits can slip 80% for the quarter . Q4 is, by the way, the biggest quarter of the year for these companies . Of course, these are not American companies and American traders are famous for their "not in my backyard " attitude about profit warnings (or human rights violations or disease or poverty or starvation…) so the Dow ( /YM ) Futures are up 200 points, regardless, and then we'll all be " shocked and surprised " when a US tech company warns that things are slowing. At least the good news for Apple (AAPL) is that they aren't losing any market share – it's just a crap market at the moment! IN PROGRESS
Here we go again.
It's day 2 of 90-day trade negotiations but that doesn't stop the market from ignoring TERRIBLE Industrial Production numbers out of Germany which paints a very ugly picture for the Euro Zone and Samsung just beat Apple by a mile, saying their Q4 operating profits will decline 29% but those look great compared to LG, who are warning their profits can slip 80% for the quarter. Q4 is, by the way, the biggest quarter of the year for these companies.
Of course, these are not American companies and American traders are famous for their "not in my backyard" attitude about profit warnings (or human rights violations or disease or poverty or starvation…) so the Dow (/YM) Futures are up 200 points, regardless, and then we'll all be "shocked and surprised" when a US tech company warns that things are slowing. At least the good news for Apple (AAPL) is that they aren't losing any market share – it's just a crap market at the moment!
IN PROGRESS
