Oct

7

V NIt is interesting to learn that CEOs of firms get earnings reports some two weeks or more before their release. The B of A and Lehman released their earnings two weeks early for various reasons, and this must be the norm. Everyone knows that we give away our emotions in a hundred ways to a hundred people — the significant other, the office assistant, the very special friend, the night watchman. We do it often with a smile, a frown, or a late night at office among so many other ways. The amazing thing about it all is that stock prices of companies don't move in the direction of the earnings release much more often than they do. The quantification of this, especially big moves before the release, might well take this into account. 


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