“We still think a trough should be reached in the first quarter but to be sure we get a recovery, we should see expectations improving in January or February at the latest.”
“Fourth quarter probably marked the trough although we could see an equally weak number in the first quarter.”
“The first quarter should mark the trough in earnings, but judging by the market's negative reaction to recent warnings from the likes of IBM, there's little room for disappointment.”
“I don't think Sears happened as quickly as Lucent, peak to trough. But it's a valid analogy.”
“If you want to feed off the public trough, if you want to take public dollars, take them, but don't lobby.”
“Make no mistake. This is a soft landing. Typically, peak-to-trough declines amount to 50 percent.”
“It's really been a progressive decline with a couple of troughs over the last 20 years.”
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