Today’s market action

The market finally went down today after strength and recovery would insist on being a green day based on the last few weeks. Cisco earnings were reported after the market close today and they beat estimates but the future outlook was tepid. Cisco was trading lower after hours to reflect the less than warm fuzzy feeling. Private equity firm Fortress managed to impress with their earnings report this morning and I look forward to reviewing Blackstone’s (BX) results tomorrow.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s