Tuesday, October 21, 2008

Earnings, Yahoo and Calm before the Storm?

Yahoo (YHOO) releases earnings after the market close today. I am on pins and needles. CEO Yang should have some good news, and if not, he should consider a temporary sabbatical.

Yahoo isn't the only belle of this week's ball--tomorrow's the big event:


All those major companies are reporting earnings. If the market doesn't drop more than one percent, I will be very, very happy. I am betting, perhaps foolishly, that most company-specific bad news is already priced in. Although I've reduced many positions, my retirement accounts are still around 80% in stocks and mutual funds.

No comments: