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Worse yet, I've heard several people on CNBC state that it generally takes 3
quarters for the street to adjust it's thinking on earnings slowdowns.
December/January could be interesting.
Kent
-----Original Message-----
From: J W <inbox@xxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxx <realtraders@xxxxxxxxxxx>
Date: Thursday, November 02, 2000 5:09 AM
Subject: [RT] MKT- Blurb from Money Mag Email
>>This from strategist John Garrity at Investec Ernst: "According to
First Call, 146 companies have issued negative pre-announcements
on fourth quarter earnings. Also, technology earnings growth has
been cut to 18% from 29% (!!!!) in the first quarter of 2001. The
good days of reaping the benefits from those high-flying returns
have all but ended."<<
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