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Thread: Market Watch - Week July 10, 2010

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  1. #39
    SiriuslyLong is offline
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    Joined: Jan 2009 Location: Ann Arbor, MI Posts: 3,560
    The market in summary.

    Of the companies that have reported so far, about 75% have beaten earnings expectations and 71% have topped revenue forecasts.

    "In general, earnings season has been better than what had been expected, and it seems that this hasn't been priced into the market yet, while the fear of a double-dip recession has been priced in," said Art Hogan, chief market strategist at Jefferies & Co.

    "We're stuck in a tug-of-war between these two forces, but since the economic calendar is pretty light today, it looks like we're going to rebound as investors focus more on earnings," he added.


    http://money.cnn.com/2010/07/19/mark...kets/index.htm
    Last edited by SiriuslyLong; 07-19-2010 at 10:49 AM.

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