Replies to post #1601 on The Black Box

[Chris McConnel]

Right, actual earnings went down, but pro-forma earnings went up.

Over on RealMoney, a couple of writers are pointing out that the earnings bar was significantly lowered in Jan and Feb, so that when the earnings came out.. surprise!... they beat estimates. So earnings were not as "bad" as many had thought. I suspect that part of this rally is because of beating the reduced estimates.

[Chris McConnel]

BTW: Mauldins article from last week is quite good, too.

He sheds some light on the underlying factors for boom and bust cycles in the market and economy.

http://www.investorsinsight.com/article.asp?id=jm041703