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GOOG is an odd cat - just b/c it beats and doesn't disappoint in view doesn't mean it will pop - it beats A LOT, but not always followed by a run up.
i'd imagine this pop was because people have already priced in another recession (which i still think is crazy) - IF earnings/outlook of good companies are solid, i think we'll see a disproportionate jump, assuming europe continues on this same route. I also believe GOOD companies (not your BAC's or other garbage) will have a plenty fine quarter, as expectations have been decreased, yet these companies are incredibly well run (i only invest in well run companies - why buy $10 worth of fast food burger, when you can buy $10 of ny strip?), and are lean compared to pre-2008, and I would imagine are more agile to handle changes in the economy. i also don't think they'll be too hugely effected by the current world situation - china is still growing, europe is slowing, yes, but not recession, and it takes time for slowdowns to take effect.
for the record, i still love deere right now! want to increase my holdings in that... all in due time
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