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Do Economic Reports and Corporate Profit Statements Point to a Worldwide Recession?
It’s beginning to sound like a broken record. In a nutshell, we already know that the economic data should be weak. We already know that the earnings reports should be disappointing. And because we already know all this, the information should be built into stock prices. The earnings releases should be soft. That much should already be known – and built into the markets.
Procter & Gamble Co. (PG), Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) highlight the list of companies announcing earnings. Remember, crude has plunged more than 50% since halfway through the past quarter and the energy releases will not…
27Oct2008 | Money Morning | Comments Off | Continued
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