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

To: lexi2004 who wrote (166523)	10/11/2007 2:56:56 PM
From: Skywatcher	Read Replies (1) \| Respond to of 208838

- After seeing the Dow and S&P reach record intraday highs on Thursday, stocks have pulled back sharply in afternoon trading, with the Dow, S&P, and Nasdaq now trading in negative territory. Despite Wal-Mart's positive guidance, Peter Cardillo of Avalon said, "third quarter earnings are probably going to produce overall growth of 3 percent, limited gains that we have not seen in about 5 yearsÂ…Somewhere along the line the sour third quarter performance will probably weigh on stocks and cause a pullback of 3 to 5 percent."...