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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (49302)	4/8/2001 9:49:36 AM
From: bigbuk	Read Replies (1) \| Respond to of 62348

<font color=red>Stock market set to collide with wall of worry: profit malaise only starting? canoe.ca NEW YORK (AP) -- One of the greatest fears on Wall Street is that the past few weeks of earnings warnings and triple-digit declines have just been a rehearsal -- and that the market is likely to endure more turmoil this month when companies actually issue their first-quarter reports. The numbers which will arrive in the coming weeks are expected to be the weakest year-over-year quarterly results in about a decade. And while investors might think they're prepared for the worst, analysts expect Wall Street to react badly. "We have not entered the phase yet where the market is going to disregard bad news," said A.C. Moore, chief investment officer for Dunvegan Associates in Santa Barbara, Calif. "There is a time when the nervous selling has been done, and when there is a scintilla of improvement ahead and when bad news tends to roll off. But we're not there yet." A big question is, what constitutes good or bad news? If companies can simply meet lowered expectations, investors might consider that positive news, analysts say. It's less clear whether traders will drive prices higher based on such reports -- and, if they do, whether those gains can last.