Better than expected has a new meaning . Instead of down 90% only down 70% and stk pops 50%

Discussion in 'Wall St. News' started by hafez50, Jun 9, 2020.

  1. hafez50

    hafez50

    In the old days better than expected meant business was up 15% instead of 10% . Now with expectations in the gutter down 60% when expectations were down 90% salivates the robin hood traders and the stock runs 50%. I'm surprised banks have 1 penny of deposits as you can make 50% in many stocks every day.Short the banks.lol
     
    Last edited: Jun 9, 2020
    Fx-Game likes this.
  2. Cuddles

    Cuddles

    chitchat>>
     
    Atikon likes this.
  3. "Better than expected"... Wall Street's biggest (?) manipulation?

    Say... Last year's earnings were $2/share. This year, consensus estimates are $1.50 (intentionally lowballed?).

    Then... when earnings are reported as "1.60/sh", market pops from celebration of "beating (lowered) estimates".

    Funny thing... when the earnings estimates were revised lower from $2/sh to $1.50, the market disregarded that fact and didn't sell down.
     
    Clubber Lang likes this.