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The Corporate Profit Plunge And Venture Capital Victors
What a difference 10 months makes…
A story in Bloomberg this morning states that back in March, Wall Street analysts projected a 55% rise in fourth quarter corporate profits.
I’ve heard of being full of the joys of spring, but that’s ridiculous. The seeds of the financial sector crisis and credit crunch were planted well before then. And March was essentially the month that then brought the severity of the problem into the public eye when once-massive investment bank Bear Stearns collapsed under a sea of bad debts.
Today, those same analysts, who Bloomberg says underestimated the profit drop of S&P 500 companies…
21Jan2009 | Smart Profits Report | 0 comments | Continued
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