“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.”
“I don't think Sears happened as quickly as Lucent, peak to trough. But it's a valid analogy.”
“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.”
“And he set the rods which he had pilled before the flocks in the gutters in the watering troughs when the flocks came to drink, that they should conceive when they came to drink.”
“This should preclude valuations from retesting previous troughs of this year, making the stocks very attractive following the pullback of the past week.”
“Since the ability to refinance or restructure debt is one of the incremental drivers of a profit trough, the importance of this policy change cannot be overemphasized.”
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