one of several articles predicting signifigant gagging andwretching in the"economy",in the next two weeks: http://money.cnn.com/2009/01/25/markets/sunday_weekahead/index.htm?postversion=2009012508d 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. <!--startclickprintexclude--> <script type="text/javascript" src="http://i.cdn.turner.com/money/.element/ssi/javascript/2.0/cnnShare.js"></script> <script language="JavaScript1.2" src="http://i.cdn.turner.com/money/javascript/clickability/button2200_1newlayout.js"></script> EMAIL | PRINT | SHARE | RSS DIGG FACEBOOK DEL.ICIO.US REDDIT STUMBLE UPON MYSPACE MIXX IT Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) <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 <!--startclickprintexclude--> <!--endclickprintexclude--><!-- CONTENT --><!-- REAP --><!--startclickprintexclude--> AMERICA'S MONEY CRISIS Economists: Recession getting worse Global outlook to be slashed - again Earnings, economy - here comes 'terrible' FDIC closes 1st Centennial Bank Senate Democrats unveil $365B stimulus bill <!-- KEEP --><!-- Poll begins --> <form method="post" action="http://polls.money.cnn.com/poll"> <input name="poll_id" value="44649" type="hidden"> Quick Vote <!-- QUESTION 1 --> Do you expect to change jobs soon? <!-- ANSWER 1 --> <input name="question_1" value="1" type="radio">Yes, I'm worried about layoffs. <!-- /end ANSWER 1 --><!-- ANSWER 2 --> <input name="question_1" value="2" type="radio">Yes, I'm hoping to move up. <!-- /end ANSWER 2 --><!-- ANSWER 3 --> <input name="question_1" value="3" type="radio">No, fingers crossed. I'm happy where I am. <!-- /end ANSWER 3 --><!-- ANSWER 4 --> <input name="question_1" value="4" type="radio">Not sure. <!-- /end ANSWER 4 --> <!-- /end QUESTION 1 --> <input src="http://i.cdn.turner.com/money/.element/img/2.0/buttons/button_vote_red.gif" onmouseover="this.src='http://i.cdn.turner.com/money/.element/img/2.0/buttons/button_vote_blue.gif'" onmouseout="this.src='http://i.cdn.turner.com/money/.element/img/2.0/buttons/button_vote_red.gif'" type="image" vspace="3" width="39" border="0" height="22" hspace="0"> or View results </form> <!-- Poll ends --> <!-- KEEP --><script src="http://i.cdn.turner.com/money/.element/ssi/javascript/2.0/imageFader_2009.js" type="text/javascript"></script> Photos 25 top-paying companies Associates at Bingham McCutchen take home an average $256,312 total compensation annually. See which other Best Companies to Work For offer big paychecks. View photos <!-- KEEP -->What the stimulus means for you More Videos <!-- KEEP -->Why NetApp's the best employer More Videos <!-- ADSPACE: markets_and_stocks/quigo/ctr.220x200 --><script type="text/javascript"> cnnad_createAd("692702","http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220x200_ctr&cnn_money_rollup=markets_and_stocks&cnn_money_section=quigo¶ms.styles=fs","200","220"); </script> <!--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.
