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Strategies & Market Trends : Don't Drink the Kool-Aid Kids
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To: Stoctrash who wrote (17)2/20/2001 2:37:01 PM
From: Rarebird  Read Replies (1) of 1063
 
Come on now, Fred, everyone except the Polys know that companies are reporting poor earnings primarily due to weaker than expected revenue. In the current quarter, only about a 1/4 of the companies in the S&P 500 reported sales above consensus revenue estimates. The problem, Fred, appears to be that top-line revenue growth is slowing. The slow down in growth is occurring across almost every sector and is primarily attributable to a slowing economy. Especially hard hit has been the industrial products, tech and transportation sectors.

I'm only expecting the S@P to retest its most recent lows and the NAZ to hit marginal new lows. But make no mistake about it, Fred, it's a secular bear in its early stages.

GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRROWL!!!

PS Polys need to start thinking from a standpoint outside their pocketbooks. I say confront Reality is what's needed.
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