The earnings season couldn’t have got off to a worse star with Alcoa and GE both disappointing. But one has to question why the market reacted so violently this week to these 2 behemoths. After all, over the last 5 years, both stocks have made absolutely no money for investors.

I am the first to agree that a weak economy would certainly impact these companies, but then they didn’t exactly outperform during economic expansion either.

All I am saying is that we need to get away from being jolted by the stocks of yesteryear. They are old news and I am not influenced by their earnings.

I am still concerned about the recession and the markets but these companies are not a good measure of our broader markets.

– Faisal Laljee

Full Disclosure: I do not own GE or AA but my position can change anytime without notice.

Last 5 posts by Faisal Laljee

• ComScore Claims to have a Larger Panel - July 15th, 2009
• Kiplinger's Top 5 Stocks for Dad - June 19th, 2009
• Malcolm Gladwell Explains Outliers - June 12th, 2009
• Top Ten Stock Tweets to Follow - June 3rd, 2009
• Game Over for GameStop - June 2nd, 2009