Robert Armknecht
Robert Armknecht
action associated beginning cathartic coming companies earnings gone good growing last negative price remaining report retrospect
There was a lot of price action last week, which is often associated in retrospect with a cathartic washout. We've gone through the negative pre-announcement of earnings disappointments and now the remaining companies are beginning to report as good as expected, or better-than-expected numbers. And there's this growing sense that the end of the world may not be coming after all.
rotation seeing
We are seeing a rotation back into some of the real companies, if you will.