From The Washington Post.
Analysts had forecast a 3.1 percent decline in earnings when the quarter ended, yet so far it has dropped by only 0.1 percent.
.... only 40 percent of the companies that have reported beat analyst forecasts on their revenues.
.... profit margins staying at historically elevated levels in the July-through-September quarter.
.... 62 companies have issued negative guidance about their expected profits,...
.... employers still feel no real pressure to sweeten their wages to get good workers.
.... the economy isn’t growing fast enough to make sales rise in any meaningful way.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager
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