Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 11th of April.
The market was a little caught off guard this morning when JPMorgan Chase & Co. (NYSE:JPM) announced their earnings, which not only disappointed investors, but missed expectations by 19%. That's a lot like playing golf and missing a sure fire birdie putt.
Yesterday's market action really set the tone and the perception for today. Make no mistake about it, yesterday was a big and important day to a lot of traders.
I have talked about this many times before on this blog and that is the power of perception. The perception now in many traders' minds is that this is going to be more of a two-way street in the marketplace for stocks. Some stocks will do well, while others will fall as the perception of their growth fades in traders' minds. Continue reading "JPMorgan Chase & Co. Misses And The Train Wreck Continues"