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Agoura Guy

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Agoura Guy

Re: luckydude777 post# 963

Monday, 10/12/2020 10:23:00 PM

Monday, October 12, 2020 10:23:00 PM

Post# of 5061
Currently the market doesn't care about earnings. If a company reports steep losses it will probably go up because investors will expect a bailout! LOL

Of course earnings will be lousy but NASDAQ 100 companies have a special talent for cooking their books with so much "virtual" revenue to manipulate. A few will however benefit from lockdowns but still have ridiculous PE ratios in any case.

Retail will take a pounding this Christmas and the real story will be in Q1 and Q2 2021. By then millions more will be out on the streets and more than half of small businesses closed forever.
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