Bryan Piskorowski
Bryan Piskorowski
along bigger clearly disastrous lack market picture plight profit question recession stems ultimately week
It's been a disastrous week and we're just limping along here -- ultimately we're in a profit recession and the question is how long will that linger, which is frustrating the plight of equities. In the bigger picture you have a market that is clearly unhappy, and that stems from the lack of visibility.
beating below clearly consensus earnings front mixed putting recent reported reports results suffering thus
After suffering from an oversold condition, recent earnings reports have clearly benefited the bulls. Putting this into perspective, one-third of the S&P 500 has reported thus far, with 72% beating the consensus estimates, while only 17% have come in below estimates. After some mixed results on the earnings front in tech, we are on the mend.
recovery
It's a mildly affirmative day as recovery makes the scene.
america begin concerns consumer corporate global hold money move pick pushed question remained sidelines torch until
Also, global concerns have pushed money to the sidelines and it has remained there. As you move into 2003, the question becomes: Can the consumer hold on until we have corporate America pick up the torch and begin spending.