From Clusterstock: Aluminum giant Alcoa kicks off the
unofficial start to the Q3 earnings reporting season in the United States on
Tuesday afternoon after the closing bell.
Q3 earnings will be notable for one important reason: the
aggregate profit growth of publicly-traded corporations is expected to turn
negative for the first time since the financial crisis of 2008.
Morgan Stanley's chief U.S. equity strategist Adam Parker says
many clients are asking "if there can be an earnings recession without an
economic recession."
BofA Merrill Lynch equity strategist Savita Subramanian
addressed the question similarly, writing, "While this is a rare
occurrence outside of recessions, it has happened, most recently during the
Asian and Russian financial crises of 1997-98...."
More? Grab a fresh hankie and turn to: http://www.businessinsider.com/q3-sp-500-earnings-preview-2012-10
No comments:
Post a Comment