Skip to comments.This May Be as Good as It Gets for Stocks in 2012
Posted on 04/25/2012 9:40:00 AM PDT by NormsRevenge
Unique may be the most over-used and misused word in the English language. Something that is unique is just that -- the only one. Unique cannot be used with a modifier. An object or person may be quite extraordinary or exquisitely rare. But to hear or read something or someone described as "very unique" sets my teeth on edge more than any fingernails on a blackboard.
Apple (AAPL), however, does deserve to be described as unique. No other company could nearly double its earnings from a year ago and still be constrained by its capacity to satisfy demand for its products that an executive described as "staggering." I need only look around the Forsyth household to peruse the array of Macbooks, iPads, iPods, the Mac mini that acts as our media center and the iPhone that recently displaced her BlackBerry to understand the phenomenon. (The old man makes do with the cheapo, office-issue Hewlett-Packard (HPQ) laptop and his own old IBM (IBM) ThinkPad ..
Other companies are reporting March quarter earnings that also are handily beating forecasts, albeit not by such an extraordinary margin. Indeed, the large proportion of beats -- some 80% of companies are exceeding analysts' estimates so far -- is inducing some of the cheerleading financial television anchors to wonder aloud how can it be stocks aren't soaring given this profits performance.
A few of their guests would try to explain patiently that stocks discount the future and not the past (at which point the bookers excise that person's name from their calling list.) Be that as it amy, an array of equity strategists is casting doubt that the earnings growth emerging from first-quarter numbers will continue into the rest of the year. That, they say, suggests the stock market has seen its best levels of 2012.
(Excerpt) Read more at finance.yahoo.com ...
Ah, but you forget one thing. The $3 Trillion “stimulus” (i.e. market prop-up fund), which I do not believe is depleted... yet.
But it will be close when they start trying to pass another stimulus.
Good to see ANY US company doing this well,
Even if final assembly is occurring off shore
IBots and WinWhiners in 184.108.40.206.1...