Sunday, Jan 25, 2009
Reports on housing included this week
CNNMoney.com: Earnings, economy - here comes 'terrible'
Investors this week will face the largest batch of company report cards yet, in what is quickly shaping up to be the worst quarter for corporate profits in a decade.
The earnings avalanche will test the market's mettle. Last week, the Dow fought back after falling below the 8,000 point psychological benchmark for four days in a row. Analysts say if the Dow can hang on to this level in the weeks ahead, that's a good indication that a bottom has been set.
Posted by plato @ 07:32 PM (345 views) Add Comment
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