Bracing for 2009 Earnings - Barron's [View article]
Many analysts have been out of touch with the severity of this contraction and its impact on corporate earnings.
Some earlier estimates for the SP500 were simply silly.
With all of the unknowns, I believe it is impossible to reliably predict when this mess will turn around.
Once the finanacial crisis is put to rest, the recession will need to be dealt with and this where the the next stimulus package will be of critical importance.
Bracing for 2009 Earnings - Barron's [View article]
Some earlier estimates for the SP500 were simply silly.
With all of the unknowns, I believe it is impossible to reliably predict when this mess will turn around.
Once the finanacial crisis is put to rest, the recession will need to be dealt with and this where the the next stimulus package will be of critical importance.