GAAP is the most honest measure of earnings, ... but the main problem with it is the cyclicality of it.
More Quotes from Brett Gallagher:
The market was down so far so fast recently that I don't think it takes much to get a bounce here. Investors were just determined today to be optimistic.Brett Gallagher
If your company comes up on the list of those that haven't signed, ... there's going to be a lot of questioning.
Brett Gallagher
I don't think there's going to be enough bad news in December to send us lower. My guess is we go up through the end of December and we meet our day of reckoning sometime in the new year.
Brett Gallagher
It's unlikely the market would get a boost from that kind of a result. This time we have such a good outcome priced in that I don't think we'll have a huge rally once this is over.
Brett Gallagher
The majority of earnings have been good, but there have been some misses and the market has reacted violently to them. This is a week that has put me on alert.
Brett Gallagher
It's always been the case of something you suspect but have never been able to prove. Earnings seem improbably smooth when you look at the businesses of the company.
Brett Gallagher
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