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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (69660)	9/28/2007 4:54:40 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

"Profits for companies in the Standard & Poor's 500 Index are expected show growth of just 4.2%, which would be the lowest level since the second quarter of 2002, and exemplifies the profit expansion slowdown that has been projected for some time. Still, the figure will likely wind up higher, Thomson Financial says, in keeping with past trends of better-than-expected earnings being delivered when companies actually report. Nonetheless, as word gets out that the initial figure is seen as being so low, there could be some backlash. The 4.2% compares with the second quarter's 7.8% growth rate. So far, 50 companies in the S&P 500 have issued negative guidance for the third quarter, compared with 27 that said they expect to beat analysts' projections. money.cnn.com