The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Friday, October 22, 2010
So outdoor apparel maker Columbia Sportsware gets clocked on some earnings/outlook disappointment.
It hit resistance days ago so that wasn't it. Bear market behavior? Could be but when you look at Netflix (NFLX) and Chipotle Mexican Grill (CMG) on their earnings this week you'd think bull market behavior was just getting its March 2009 kick-off.
The market seems to be splintering into jocks and nerds. The jocks, like Netflix, are loved. The nerds get wedgies.