Analysts are raising earnings estimates, but more important than an increase of a few cents per share is that the trend continues , obviously, so that it can add several extra cents in earnings to end the year. The stock's performance certainly surprises some investors, as might the actual stock market's performance over the past week and month. Stocks were so volatile this week that I lost track of which way was up, where we began the week, where we ended, and which way we were going at any time. Up down, down up. The tone on Wall Street has been so bearish, I assumed that September was ugly so far.
Most people consistently have lists of tasks or ambitions they want to tend to.
In fact, I just created a slight deficit in your life with that longer than necessary explanation. The point I am getting to is that again this week we began with more ambition than proved realistic. We began on Tuesday by discussing the record bounce that the stock market experienced that day, and then linking to The Washington Post's series of articles on the Asian crisis. The column stated that later this week, along with looking at our two final bank contestants, we'd discuss how the Drip Port is investing and how its beliefs play out even in down markets, or highly volatile markets. Well, we didn't get to that yet, but we did have two productive days.