Earnings Management........

It's no secret that companies not meeting their quarterly earnings estimates or giving negative guidance have had their stock price hammered. Probably lots of boardroom "chiefs" long stock and/or options that will be thinking twice about coming public with bad news when their stock is moving up. If their kids don't need new shoes the house in the Hamptons needs a renovation. Wall Street is quick to dish out penalties for not keeping pace and it is awful easy to manage earnings. Call it intentional distortion or call it a lie. It is being done big time. Right now.