Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (124875)	10/23/2012 8:14:17 PM
From: ChinuSFO	Respond to of 149317

Why don't you bring some of the analysis that you and I have shared via PM to this thread. I agree with you that the big fund managers are rolling out of the high fliers, which is a normal phenomenon every year at this time.

To: Sr K who wrote (124875)	10/23/2012 9:38:13 PM
From: RetiredNow	2 Recommendations Read Replies (1) \| Respond to of 149317

It's the Earnings, Stupid Goldman Sachs reported this morning that of the companies that have provided guidance, nearly 90% have been negative. This represents an "unprecedentedly negative level." thestreet.com Earnings stink like a big pile of trash Dow components DuPont (DD), United Technologies (UTX)and 3M (MMM) issued underwhelming outlooks. That follows weak guidance from Caterpillar (CAT) on Monday, and a big drop for the market on Friday following disappointing results from tech giants Google (GOOG) and Microsoft (MSFT)as well as lackluster numbers from General Electric (GE) and McDonald's (MCD). Nearly all of these companies mentioned challenging macroeconomic environments around the globe that is crimping demand for their products and services. Several suggested that they will be restructuring in order to boost profits, with DuPont announcing 1,500 layoffs. Chipmaker AMD (AMD) also let forth a deluge of pink slips last week, announcing it would cut 15% of its workforce. This relentless drum beat of poor corporate news should not come as a surprise to anyone. China's economy is undeniably slowing. Europe (particularly Greece and Spain) still looks like a triage center. buzz.money.cnn.com