Stocks Take it on the Chin

The market was beat to pieces today, even after IBM and Yahoo posted better than expected earnings yesterday after the closing bell. The Dow was down 88 points at the close of trading today.

The earnings season is in full swing, but it seems the market is reacting in its own way regardless of earnings reports. Ebay missed analyst expectations by $.01, and its shares were down 12% for the day. The following companies are set to release their earnings report early Thursday: Citigroup, Continental Airlines, Delta Airlines, and Ford Motor Company. The wise investor should watch how the market moves after these reports are released in order to assess the mood of the market, and where it might be headed over the course of the next few months.

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