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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (9793)	8/3/2001 5:13:21 PM
From: DebtBomb	Respond to of 208838

Title: Chuck Hill of First Call Author: Mike Carrozzo Report Source: Chuck Hill (Added 8/3/2001 4:36:13 PM) Categories: Market Views, Traders' Notebook Email link to this Article What's Hot and What's Not IPO Ratings and ReportsReports. Click Here! Article: Chuck Hill of First Call He feels that expectations for 4Q still could fall even further between now and the start of the quarter. It looks that we are on a record setting pace in terms of warnings for 3Q. The last few weeks analysts have been slashing estimates at a record pace, and now we are starting to see some cut sectors like Tech and Basic Materials for even the 1Q, which is a trend that worries him slighlty. The key to recovery and how strong it will be will depend on the consumer. As long as the consumer is not shyed away from spending, due to the abundance of lay-offs, we should be fine going forward. Expectations for 1Q are that the consumer and cyclical staples will return. His view going forward is that the 4Q will not show enough year-over-year improvement to make anyone believe that a recovery is coming. Tech is cyclical and will continue to be cyclical, and people need to understand this.