Mid Morning 06/30/2008
Posted on Monday, June 30th, 2008 | In Current Market NewsI’ve never understood the concept of window dressing or more correctly how anyone can get away with it, assuming it actually goes on.
A manager this quarter who bottom fished at the wrong time in financials and made a big bet on Ford (F) and GM is going to have horrible numbers for the quarter. When the results are reported to clients and they show a 10% lag (just to make up a number) for the quarter with no financials and no autos I think an investor might be more concerned.
“How did you do so badly with energy and materials?” Is there never that kind of questioning? My hunch is that it would be easier to explain a bad result by explaining what went wrong with the parts of the market that were doing poorly.
Maybe it does go on but perhaps that extent to which it occurs is overstated.
Last 5 posts by Roger Nusbaum
- The Big Picture for the Week of November 15, 2009 - November 14th, 2009
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 About Roger Nusbaum (http://randomroger.blogspot.com)
Roger Nusbaum is a portfolio manager with Your Source Financial of Phoenix, and the author of Random Roger's Big Picture Blog, which has been profiled in several top business publications, including Barron's and Forbes. Nusbaum has also been a financial consultant with Morgan Stanley, an investment counselor with Fisher Investments and an institutional equities and options trader with Charles Schwab. He holds a bachelor's degree in economics from San Diego State University |
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