This market is as forgiving as we have ever seen. Companies are routinely lowering Q1 outlooks and pulling outlooks for the rest of the year, yet the market does not seem to care. FIS (ticker: FIS) and Temenos (ticker: TEMN) are the latest examples. We know that CoStar Group (ticker: CSGP) has yet to see the worst of it (in terms of its end market), yet Mr. Market does not seem to care. Perhaps the market will not correct again until companies start missing analyst estimates as we move through the calendar year. Perhaps Mr. Market believes the global economy will return to normal on June 1st. Perhaps now is the time to purge your company of any and all bad news as Mr. Market is in an extremely good mood. He has been known to shift moods rapidly and without warning.
