Remember when investors would rejoice over corporate profits? Remember when they were ecstatic when revenues and profits exceeded the forecasts? Remember how stocks would rise as a result?
Fast forward to today. Take a company like Ford Motor Company. Their first quarter earnings weren't as much of a deficit as projected - they lost less money than expected. Time to throw a party.
Seriously, it's somewhat good news and means that Ford may actually be doing something right. Their stock closed at $5.06 - up almost 13% and was tagged as "stock of the day." Lowly GM (who took the latest round of federal money while Ford did not) closed at $1.66 - one-third the value of Ford.
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