DJ, There will be ... oh, well.
However, when it gets to EPS I'm a bit entertained. After all the bad news, the projections for the 4th EPS for the Big Boyz are for them to be up 14% Y/Y. Since mid-nov, the 77 Big Boyz show 10 upwards revision, 43 no change, and 24 downward revisions. While the overall decline is from a median of $ .51 to $ .49, I wonder how much of the hype is due to the new disclosure rules.
The real change is occuring in the ANALyst views of 2001 EPS. Since mid-nov, we have 16 upward revisions, 22 no change, and 39 downward revisions. Yet, after all this, we are looking at a 20% Y/Y growth rate.
They may, in fact, talk themselves into this recession, but it sure seems like a story I've read in the past ... something to do with chicken little. I'm curious if these folks that are trying to save us from economic ruin are the same ones that were discussing the "new paridigm."
TB |
