Is the Market Selling the News, Then People Step in Shortly After?

On the day of these companies reported, on average, they've as they've seen a modest gain in reaction to their earnings. Since those companies have reported, we've seen similar reactions in the stock. So again, there's really not that much of a shock on the part of industors at this point to ther hurryf coming in. J p morgan: Financials are an interesting story because they tend to react horribly on the day they report earnings. Bank of america has been down seven of seven pasto earnings reports on the day it reported earnings. City group down six in a row. But if you look at all those stocks over that period, they've all done pretty