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Insiders Club - 10.20.2014 Bookmark

10.20.2014

Good morning all, welcome back from your weekend. I surely hope it was a good one for you all. Down here in Florida, we had a most spectacular weather weekend. The humidity went away, the temps cooled off and the sky was deep blue. It made for a perfect day to go for our weekly bike ride and beach walk.  I could surely go for a bunch more days like that.

In market land, things got sort of crazy this morning. Overnight the futures were up pretty strong, although they were fading just a bit from the highs. Then they simply "crashed". What was the problem? IBM.  They came out with their earnings, and they missed by a mile on the top and bottom line. It was the 10th quarter in a row of year over year drops.

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