hrm. well since my dad and mom both work in the semiconductor industry, there isn't a whole lot of psychic power required here.<<<<
well hell yes dood, you still require a lot of psychic power to trade the markets, do you know that earnings increased during the almost 2 decade bear market of the 60's to the early 80's, and what brought the market down was p/e compression (sentiment) and the market went bazoom in the 90's mostly on p/e expansion,
the market isn't the fundamentals, the market is the reaction to the fundamentals.
markets don't trade based on fundamentals based on graham and dodd, 30's thinking now, and it's misplaced to base trading strategies on past economic models, or market theories, it has been for some time, since the early 90's.
markets trade on supply and demand. and demand is in control when the moving averages are going up, and supply is in control when the moving averages are going down.
it's that simple,
swami's declaring tops and bottoms, that declare definitively earnings are going to be a minefield, or earnings are going to be a bonanza for the market . . .
better hope they got lucky on that draw.