Even as the dow climbed, the nasdaq jumped 1. 29 . Lets get to my beef. Im sick and tired of hearing that earnings are tepid and sales arent so hot. Its just not true. Things are improving for trucks, cars, aerospace, nonresidential construction. What was the commentary . I heard people say the revenues were weak. Thats a totally nonrigorous analysis that doesnt hold up under any close scrutiny. The revenues were strong considering the company just shutdown excess capacity. If you wanted them to garner more sales, pardon me but youre a dope and youve never run a business. Thats why alcoa hasnt stipulated a beat. Its up 79 from the low months ago. This was their best quarter in years on the top and bottom lines and that set the tone. Thats what set the tone for this earning season. Yes, okay. Im going to stipulate something. We did get a horrible quarter from jp morgan. Truly terrible. I cant help but think that the business got away from them because the company is under such regulator
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