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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arv who wrote (3693)	10/23/1998 2:19:00 PM
From: yard_man	Respond to of 5676

The growth in revenues is anemic, presaging what is to come.

To: Arv who wrote (3693)	10/23/1998 2:26:00 PM
From: yard_man	Respond to of 5676

nypostonline.com >>he 500 companies that make up the Standard & Poor's index are beating analyst expectations of their earnings by a minuscule 0.7 percent, according to IBES, which keeps track of corporate earnings. Ordinarily companies try to make analysts as pessimistic as possible as a way to please them with the actual results. So Wall Street usually underestimates profits by about 2.5 percent. Earnings are coming in weaker than expected, said Joe Abbott, IBES' equity strategist. And analysts had already been anticipating a 5.2 percent drop in third-quarter profits. Back in June, they had expected an 8 percent rise in profits. Into this horrible news, the stock market has rallied almost 1,200 points in the past two weeks. And the rally has mainly been based on the hope that the Fed's credit easing will get the economy rolling again. <<