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Month: October 2009


  • Iron Capital Perspectives
  • October 22, 2009
  • Chuck Osborne

Fragile

Everything was going so nicely, then it dropped off a cliff. Yesterday the market was heading for nice gain in response to a blowout quarter from Wells Fargo among other positive earnings reports. Thus far 76% of the S&P 500 companies that have reported have beaten expectations for Q3 earnings. Then out of nowhere, we…