Earnings time … autsch!

Earnings reports again …

Citibank … secured financing and numbers rather better than feared … outlook not overly optimistic = down 8.4%

Merill secured financing = down 6.4%

IBM had stellar figures yesterday, so today back to the roots = down 3.48%

AAPL Mac World Address of Mr Jobs very positive, but lacked the CHINA word = down 8.38%

INTEL had a miss after the close, especially the revised forecast did not help = down 14%

The NQ fell over the day 43.5 points and after the close FURTHER 43 points(!!!)
The S&P fell over the day 31.75 points and after the close FURTHER 13 points.

RESPECT

If you think, commodities could profit from that? NO WAY! Recession fears drive down:

Crude Oil -2.75% to 91.61$
Gold -1.47% to 890.1
Copper -3.86% to 3.21
even Gasoline fell (hey, good news)

So a bleak day ahead …

Tags: Apple, carry trade, Commodities, earnings, financials, Intel, outlook

This entry was posted on Dienstag, Januar 15th, 2008 at 23:32 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.