Sunday, January 10, 2010

Earnings season is about to hit like wounded Buffalo.

I am thinking this will be gamed like the last earnings....very low expectations, and "beating the expectations".  This could very well be seen as bullish.

Alcoa seems to always go first, and there is no exception this time around.  Earning could look pretty good.

China has been stockpiling boatloads of materials (literally), trading their USD for hard assets before Timothy "hyperinflation" Geitner defaults on the US debt by printing ad naeseum, devaluing the USD by say 50%.  Copper is way up in price, even though housing starts are way down, and housing accounts for 40% of the copper demand.

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Insightful and Useful Comment!