Market Watch with Tom Waitt

July_20th_2011.mp3 Inflection Point    It is quarterly earning time as results of the second quarter are declared. It is amazing how analysts downgrade a stock after it announces bad earnings and upgrade a stock after it declares great quarterly results? As results are released there are more important things to look for.   KEY - KeyCorp (Click For Larger Picture) Most quarterly earnings come in as expected but a few surprises occur. In my 33 years of investing it always drives me crazy how analysts' change buy recommendations of yesterday to sell recommendations tomorrow after the fact, and turn to recommend a buy of a stock that has tripled while they had an outright sell recommendation prior to stellar earnings. Still there is a better way; this is a trading environment and requires active management it is paramount to think outside the box and apply risk/reward analysis to your investments. It is important to look past earnings and look for value. Is there a significant chang