Don’t Let Apple, Microsoft & IBM Fool Ya

I know what you’re thinking. We finally got Greece out of our hair and China concerns somewhat quelled, and now we have these unexpected issues. To everyone’s surprise, high profile earnings disappointments are now driving us into the ditch. It started with IBM’s (NYSE: IBM) big miss, but Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT) clearly took the impact to the next level. However, don’t be fooled by the high profile misses, because most of the companies in the S&P 500 Index are actually beating their numbers. Eventually, that will be the story that the market picks up on and stocks stand to benefit, through earnings season anyway. See my full report here.

Stock Sector	Last 2 Days	YTD
SPDR S&P 500 (NYSE: SPY)	-0.6%	+3.8%
SPDR Dow Jones (NYSE: DIA)	-1.3%	+1.4%
PowerShares QQQ (Nasdaq: QQQ)	-1.2%	+9.9%
iShares Russell 2000 (NYSE: IWM)	-0.1%	+5.8%
Vanguard Total Stock Market (NYSE: VTI)	-0.6%	+4.1%
iPath S&P 500 VIX (NYSE: VXX)	-1.4%	-48%

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