Archive for October 19th, 2009

Champagne

With 85% reporting companies beating consensus, skeptical as I am it , I think that relates more to low expectations more than companies outperforming. It’s my impression that we have bubbles forming in many market segment, but no catalyst to reverse the process. Given the many times stated will by major central bankers to extend low interest rate environment the price disruptions could continue for some time and even higher levels.

New Week Intro

Important U.S. earnings this week:

* Monday: Apple, Texas Instruments

 

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