Posts filed under “Earnings”
click for larger graphic
chart courtesy of WSJ
Was it Japan’s Livedoor investigation and market disruption? Iran’s nuclear ambition? Oil at $68? Avian flu?
I’ll say this as plainly as I know how: A wide cross section of blue chip companies shit the bed.
Major Misses on Revenue, Earnings or Guidance
This wasn’t company specific, this wasn’t sector driven, this is not a technical call. This is the Crème de la Crème of corporate America, acknowledging a slowdown in the economy. Period.
If there is another rational explanation, I’d sure like to hear it . . .
As promised, today brings us to the 4th in our series of charts: P/E vs S&P500 click for larger chart courtesy of Mike Panzner, Rabo Securities > I’ll get into the significance of what this means to the markets later, but for now, note where the P/E is over the median, and its impact on…Read More