On a roll.

As far as posts are concerned. Hope all this is useful. Let me know if you are inclined and able to post comments. On the earnings front, Amazon blows up after hours, really this has been an earnings season where except for Apple, a  couple of chip companies, and sleepy old Microsoft the news in the large cap space has been quite blah. Mix that with bleak macro data and it is remarkable that equity markets are holding up where they are. Beating lower expectations shouldn’t be enough. Conspiracy theorists will argue PPT but looking at glasses as half-full rather than half-empty is what market participants are doing. That said, it will be really interesting to see how much courage the dip buyers have over the next few days.  Not much methinks.

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