| Eugene David ...The One-Minute Pundit |
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Thursday, October 08, 2009
Alcoa's quarterly sales were down 34 percent. It's fired people. It showed a minuscule profit.
DOW UP 2,000!!!!!!!!!! Alcoa’s results were “A POSITIVE START TO THE EARNINGS SEASON!” said John Stephenson, who helps manage C$1.5 billion ($1.4 billion) including Alcoa shares at First Asset Investment Management in Toronto. “IT'S GREAT TO SEE!” Stephenson said in an interview after the results were announced. “YOU DON'T SEE MANY TIMES WHERE PEOPLE BLOW AWAY THE NUMBERS TO THIS DEGREE!!!!!” (Huffing puffing overemphasis added) If these assorted sales...ANALYSTS and other touts would just blow -- then the Dow wouldn't be up 10,000 points by Christmas.
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