Tips are for waiters

A great friend of mine just started his own blog yesterday. He’s a oney manager who’s seen a lot of ups and downs. He’s sharing his experiences and expertise with all of us. Here’s a snippet from his second blog posting.

Earnings season, which started last week, goes into full swing tomorrow. This reporting period should be a very interesting one in particular with all the cross currents swirling around us. It seems to me that most people are expecting second quarter earnings to come in just fine. It’s the guidance going forward that has the folks on wall street aflutter these past ten weeks. They seem to be pricing in the “foreseeable” negatives into today’s pricing. Whether these prices are a fire sale or not remains to be determined.

Reade more about the market at Tips are for waiters

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