Saturday, July 27, 2013

The Fed, Jobs and Earnings!

Don't sleep in! This week will feature the Federal Reserve, jobs, and more earnings! Nonstop thrills!

The biggest surprise last week came from Facebook, which soared after their earnings report. Apparently, they figured out how to make money.

Apple exceeded iPhone sales estimates, but fell short on iPad sales. Investors still were okay with that news.

Amazon was another surprise, as they continue to lose money. The stock was down after hours, but surprised everyone including me when it rallied the next day.

And then, there was Friday. The Dow was down  big early, but rallied to close in the green. It just shows you that people want to buy stocks. Don't fight the trend. Don't fight the Fed. Don't worry about "the wall of worry. "

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