tag:blogger.com,1999:blog-2335748440449035592.post618438105515561601..comments2008-07-08T12:08:54.878-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-32123376481431902702008-07-08T12:08:00.000-04:002008-07-08T12:08:00.000-04:00Remember Q4 2008 still shows 60% growth year over year from Q4 2007<BR/><BR/>I think what is happening now is we are correcting in advance of Q3 guidance which surely won't be anything near to the analysts projections which are not as fruity as Q4 but not too far off.<BR/><BR/>A reader emailed me a story about Fed head Janet Yellen and now she has moved the recovery to 1st half 2009. The first such commentary - expect a lot more. hah. They will be wrong there too! But we can rally this fall on the 1st half 2009 recovery along with spring 2009 housing surge! woo hoo. It's going to be a complete repeat of this year.<BR/><BR/>Maybe in 2010 they will get it correct.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-35859709844899567692008-07-08T11:59:00.000-04:002008-07-08T11:59:00.000-04:00Hopes for a Second Half Recovery Fading<BR/>by: Bespoke Investment Group posted on: July 07, 2008<BR/><BR/>As we highlighted earlier, analysts are expecting second quarter earnings to show an 11.2% year over year decline. While consensus estimates throughout the first half of the year were calling for a second half recovery, these numbers as well as trends in recent analyst revisions show that hopes for a rebound in the second half of the year appear to be fading. <BR/><BR/>In our weekly look at analyst EPS revisions for the stocks in the S&P 1500, we found that over the last month, analysts have raised EPS forecasts for 375 companies, but lowered forecasts for 608 companies. As shown in the chart below, this net differential of -233 (-15.5%) is the weakest reading we have seen since the end of April.hrs0944http://www.blogger.com/profile/09986838112144909482noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-75825466815547456182008-07-08T11:37:00.000-04:002008-07-08T11:37:00.000-04:00quite orderly. musical chairs with stocks. But for tech, I guess in this game, they can put some chairs back for a while.<BR/><BR/>I also agree with the comment on the multinationals. I dont think the market will bottom until they start to report. And at the same time, we'll need to see oil come off or at very least, stabilize.Risk Manager Jeffhttp://www.blogger.com/profile/14994763012317049832noreply@blogger.com