Did You Miss the Stock Market Explosion?

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The discussion revolves around concerns regarding missed investment opportunities in the stock market, particularly in light of recent stock performance data. Participants reference a CNN link showing significant gains for companies like Alcoa, Bank of America, and Citigroup, with some stocks experiencing dramatic percentage increases. However, there are suspicions about the accuracy of this data, suggesting potential glitches or even hacking on CNN's site, as the figures indicate trading activity on a Saturday, which is unusual. The conversation shifts to the upcoming quarterly earnings reports, with analysts predicting disappointing results that could negatively impact stock prices. Peter Cardillo, a market economist, notes that the market has already anticipated weak earnings from major companies, which may lead to a defensive trading environment. Overall, the thread highlights a mix of excitement over potential gains and caution due to expected poor earnings reports.
misgfool
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russ_watters said:
What do you mean?

You didn't check the link?

...

Alcoa Inc 26.35 +14.99 +138.67% 1/10 9:11pm
Bank of America Corporation 27.49 +13.95 +107.39% 1/10 9:11pm
Citigroup, Inc. 25.18 +18.02 +266.96% 1/10 9:11pm
General Motors Corporation 29.97 +25.93 +643.42% 1/10 9:11pm

...
 
Not sure where the data are originating, but that indicates trading on Saturday. Perhaps after hours. Or someone is pumping the stock to make a killing.

Or someone hacked CNN's site.

The Dow30 were down Friday when the US markets closed.
 
"Price information for some stocks may be incorrect. CNNMoney.com is working with our data provider to fix the problem. We apologize for the inconvenience."
 
It looks like CNN got their Dow30 page and others fixed.

Wall Street eyes quarterly results
Stocks set to open lower as investors brace for start of what is expected to be a grim corporate reporting period.
http://money.cnn.com/2009/01/12/markets/stockswatch/index.htm

. . . .
Peter Cardillo, chief market economist for Avalon Partners, said markets have already "baked in" weak earnings from companies like aluminum producer Alcoa on Monday and from chipmaker Intel (INTC, Fortune 500) on Thursday, but they could still keep stocks from advancing, he said.

"The negative news coming out of earnings will keep us in a defensive trading range most of the week," said Cardillo.
. . . .
Alcoa . . . . is due to post results after the market close.
. . . .
 
Lucky you. My stocks crashed the other day.
 

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