I might have said so in a previous post last week. Regardless, I don't trade these predictions. Still 2x long.
In the last 3-4 weeks nearly every single Dow 30 component has beat earnings, yesterday CAT beat and today Dupont and 3m had nooooo problem beating earnings, most of these stocks are doing better today than before that small non event we called a credit crisis. Seems to be a joke or something, these stocks are crushing earnings like nothing ever happened, like there was no recession, simply amazing to witness this historical event as more than 75-80% of companies come in with better than expected earnings.
I didn't buy the dip. It is not as easy as it looks given all the worries we have. But it is amazing...