Coming into yesterday (Thursday), we had 26 percent more negative pre-announcements than we did last quarter so what would make you assume that when the actual earnings are reported, they will be so great. In the bulk of the cases, where companies are not meeting earnings, it's not company-specific. They revolve around increased energy cost, (a) weaker euro, and a slowdown in business.  -   Bill Meehan     Quotes
Coming into yesterday (Thursday), we had 26 percent more negative pre-announcements than we did last quarter so what would make you assume that when the actual earnings are reported, they will be so great. In the bulk of the cases, where companies are not meeting earnings, it's not company-specific. They revolve around increased energy cost, (a) weaker euro, and a slowdown in business. Bill Meehan