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Where Is EAGU?

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Aug 8, 2006 8:03 pm

NASD Newbie

Joined: 2005-08-01Offline

Where is Earnings Always Goes UP--I've got a question.

The Fed declared that they were not going to hike the prime rate and the market dropped.

I'll bet EAGU knows why that happened--where is he?

Also where's the girl?  Did the grim reaper at Ray Jay catch up with her?

Aug 9, 2006 12:50 am

entrylevelFA

Joined: 2006-06-05Offline

NASD, after the Fed announced their last rate hike, they hinted at no further hikes...the market adjusted (upward) accordingly that very day.  Due to the BP announcement, the bad news this week outweighed the Fed decision that everyone has known about for the last 6 or 7 weeks. 

And what did happen to that guy?  Wasn't he the one who said the market will always go up because earnings will always go up?  Apparently Econ101 isn't a pre-req to financial advising.  Maybe he got a perfect score on the Wonderlic.