Oracle's earning were not what analysis wanted last night and
the stock got hammered today, down over 7%.
I still think this is a great stock and will make you money in the long run, so these earnings did not concern me. The Oracle news started the negative flow on the NASDAQ market this morning and it
just kind of snowballed from there. The
DOW has now been knocked down 3 days in a row, but the volume has been light so
that is always a good sign. We are not
out of the woods yet and I am excited to hear how the earning calls go this
quarter. The numbers and the guidance
should be interesting to listen too and hopefully start to give us some
indications on which way the economy is headed.
I am going to be an optimist here and say we will finish 2008 on a bright note.
And speaking of optimist, is it a bad thing to be glad we
are getting checks back from the government with this stimulus package? Is this really a half-empty / half-full kind
of situation? With all the people bad
mouthing the idea of getting money back from the government, I am starting to
think I am in the minority to be happy to get this check. I know one thing; I am going to spend it on goods
and services. If you want to pay bills
or deposit it in the bank that is okay with me, but I am going to spend it on something
I probably don't need. Are these checks
going to turn this recession, if it is one, around and lead the economy to the promise
land? My guess is no but I know it
certainly doesn't hurt the consumer who is the main driver of the economy.
Keep your head up and we will be out of this crazy market
before you know it.