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rough couple of weeks coming

Discussion in 'Financial Cents' started by Tango3, Jan 26, 2009.

  1. Tango3

    Tango3 Aimless wanderer

    one of several articles predicting signifigant gagging andwretching in the"economy",in the next two weeks:

    Earnings, economy - here comes 'terrible'

    The week ahead: Investors gear up for a deluge of weak earnings and the biggest plunge in GDP in 26 years.

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    <script> try { cnnShareLinks.init('Markets','rss.cnn.com/rss/money_markets.rss'); // EDIT THIS } catch(e) { alert(e); } </script> <!--endclickprintexclude-->By Alexandra Twin, CNNMoney.com senior writer
    Last Updated: January 25, 2009: 9:25 AM ET
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    <!--endclickprintexclude--><!-- /REAP -->NEW YORK (CNNMoney.com) -- Investors this week will face the largest batch of company report cards yet, in what is quickly shaping up to be the worst quarter for corporate profits in a decade.
    The earnings avalanche will test the market's mettle. Last week, the Dow fought back after falling below the 8,000 point psychological benchmark for four days in a row. Analysts say if the Dow can hang on to this level in the weeks ahead, that's a good indication that a bottom has been set.
    The biggest week for earnings brings reports from 137 S&P 500 companies and 12 Dow components. Standouts include Caterpillar, American Express, McDonald's, Yahoo, Wells Fargo and Exxon Mobil.
    Only 10% of the 85 S&P 500 companies that have reported so far have topped forecasts. Another 60% have met estimates and another 30% have missed, according to Thomson Reuters.
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