Imigração e lei da nacionalidade. Afinal, o que quer mudar o Governo?

[braap]

What happened, all the laggards decide to report at once? I mean, what a constellation of pathetic reports clustered all around each other.

IBM (IBM:NYSE - commentary - research) should have blown out the numbers with this weak dollar and its hobbled competition like Electronic Data Systems (EDS:NYSE - commentary - research). Instead it delivers a quarter I expect from, well, Unisys (UIS:NYSE - commentary - research).


General Motors (GM:NYSE - commentary - research) and Ford (F:NYSE - commentary - research) can't give the cars away, even though they sure try hard. (Ford's earnings mean nothing to me; I am looking at the revenue, which still stinks, even in a quasi-boom.)

And now Nokia (NOK:NYSE ADR - commentary - research), of course, lowers its growth rate again. You would think they'd learn from the semiconductor equipment crowd and lower the growth rate all at once to some level that could be beaten easily, a la my friends at Novellus (NVLS:Nasdaq - commentary - research) -- good job boys!

For the bulls, it's breather time. With these slugs reporting, we are going to have to sit back and say "OK, couple of bad apples."

Bears, though, will seize this one as a real Odwalla poisoner and start talking about E. coli and stocks. It's such a natural setup that it has me wishing I could come in and bang down some S&Ps and QQQs (QQQ:Amex - commentary - research) like the old days.

What, is Cramer turning bearish? Oh, please, anyone can tell that I like the market. But this confluence of crummy reports feels like a trip from the canals of Venice to Love Canal.

Hold your nose and hold on.


10/16/2003 09:10 AM EDT in RealMoney