Tainted Alpha

The earnings announcement stream continues. Intel posted EPS of $0.33 vs $0.28 consensus. Revenue at $9.4 billion down 7.8% compared with the same period last year. The consensus was at $9.06 billion. More from Reuters: Intel quarterly results beat Street. The earnings season is proving to be what I wrote earlier “better than expected” earnings on cost cutting. It can’t go on indefinitely, we have to see some growth in revenue.

U.S. got pounded again reaching new low. I begin to wonder will it continue to levels never seen.

Chart 1. U.S. Dollar Index

Oil moving higher on weak dollar.

Chart 2. Crude Oil Future

Interesting article on foreclosures in yesterdays WSJ. WSJ link: Foreclosures Grow in Housing Market’s Top Tiers. And new investment for star hedge fund manager John Paulson. Bloomberg link: Paulson Agrees to Invest $77.9 Million in Conseco.

Crude Oil, Intel, John Paulson, U.S. Dollar, U.S. Housing

This entry was posted on Tuesday, October 13th, 2009 at 3:48 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.