Chuck Hill
Chuck Hill
time
Now we'll see if this time it's going to be different.
afraid community investment modest question recovery slope
Now the big question is what the slope of recovery is going to be. I'm a little afraid it will be more modest than most of what the investment community expects.
earnings fourth positive quarter
On the earnings front, there's not much on the positive side. ...The fourth quarter is going to be a disaster.
worse
I would have expected, even without FD, to see more preannouncements this quarter. Things are worse out there.
earnings growth revenue slowing
The story on slowing earnings growth and revenue growth is not over.
earnings focus judgment short term
Quarterly earnings are still made up to be too important, in my judgment. There's too much focus on the short term by far.
almost certainly earnings next turn
Earnings are bottoming out and will almost certainly turn up in the next quarter.
add earnings estimates last number percent
Of the 59 percent of the S&P 500 that has reported, earnings are down 18.1 percent. If we add that number to estimates for the rest, we're down 22.2 percent from last year.
biggest concern difficult great guidance percent surprises third time
There were no great surprises and the biggest concern is the guidance going forward. We still think it's going to be a difficult time ? we're already down 8.3 percent for the third quarter.
There was way too much stenography going on.
growth half hanging market second
The big thing hanging over the market is what kind of growth we're going to see in the second half of the year.
deviation expected percent quarter
Any deviation from that 15 percent for the quarter is expected to be lower, not higher.
bad period terms
This really is a bad period in terms of warnings.
belt downward far misplaced seat sort
We have to see how far downward revisions go. You better fasten your seat belt as we go through that...What's been going on, is there was a sort of misplaced euphoria.