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10.20.2014 IBM - Fail Bookmark

This morning the futures were bright green and then plunged blood red. Why? IBM blew it big time. They missed the earnings by a mile on both EPS and revenues.
This morning the futures were bright green and then plunged blood red. Why? IBM blew it big time. They missed the earnings by a mile on both EPS and revenues. Now you have to understand how important and significant that is. Here's a company that has done billions and billions in buy backs to decrease their float and make earnings come in better. Yet despite all that, they weren't even close.

That just goes to show you how ugly the business environment really is. When a company with that many divisions, that touches so many areas, can't meet their earnings estimates after pulling in their float for years...it says volumes about how slow the real economy is.

So, will IBM cause the market to fall today? Probably not. They got their big reversal day on Friday and I don't think they're going to want to lose that yet. 

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