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Old 06-03-2012, 10:28 AM
 
Location: Downriver, Michigan
7,958 posts, read 4,944,540 times
Reputation: 7247
Default Corperate earnings expectations... Trouble ahead?

Analysis: Economic pain takes toll on U.S. earnings forecasts - Yahoo! Finance

Well, if people (customers) aren't doing well, and you've already laid everyone off that you can, what are you left with??? It would only make sense that corporate earnings start to take a nosedive, except, the default response of laying off all your workers may no longer be in the cards... And of course, this European crap is not going away, just like we said it wasn't going away 6 months ago, and before. Kickin the can down the road... Hope you all were shorting in May, and I might even consider shorting for June.
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Old 06-03-2012, 07:19 PM
 
Location: Wouldn't you like to know?
8,234 posts, read 9,541,392 times
Reputation: 3112
Quote:
Originally Posted by andywire View Post
Analysis: Economic pain takes toll on U.S. earnings forecasts - Yahoo! Finance

Well, if people (customers) aren't doing well, and you've already laid everyone off that you can, what are you left with??? It would only make sense that corporate earnings start to take a nosedive, except, the default response of laying off all your workers may no longer be in the cards... And of course, this European crap is not going away, just like we said it wasn't going away 6 months ago, and before. Kickin the can down the road... Hope you all were shorting in May, and I might even consider shorting for June.
Nothing is going to change before the election....Europe will still have its problems but we'll get some more clarity after November...
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Old 06-03-2012, 07:36 PM
 
Location: FL
1,052 posts, read 978,886 times
Reputation: 685
Thumbs down Wait 4 more years

Quote:
Originally Posted by CouponJack View Post
Nothing is going to change before the election....Europe will still have its problems but we'll get some more clarity after November...
But but but... that's what I told myself after the 2008 POTUS election! It just keep getting us deeper and deeper in DEBT.
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Old 06-03-2012, 07:40 PM
 
Location: Downriver, Michigan
7,958 posts, read 4,944,540 times
Reputation: 7247
Quote:
Originally Posted by CouponJack View Post
Nothing is going to change before the election....Europe will still have its problems but we'll get some more clarity after November...
You're telling me that nothing will change if corporate earnings stink, coupled with these puny job numbers we keep seeing? Nothing will change as a result of reduced GDP and consumption in Europe, which happens to be a huge market force in this global economy? I think the election is merely noise compared to these real issues at hand.
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