1/22/09Microsoft's missed earning and no guidance with layoffs 5000 news gave cold water on yesterday's bulls. Also, look at banking index chart above, it seems the bottom may not be reached yet. GOOG did give good earning after market. However, GE is going to report its earning tomorrow morning before market open. I guess GE will missed the earning and provide worst or no guidance with few thousand layoffs. It depends what is the amount it missed compare to the estimate. If it appears much worst, watch out market would have biggest sell off of the month. Are we heading second weekly down for the market?! We will see tomorrow. Again, I am still holding bearish bias with retest the low of 2008.
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