Quote:
Originally Posted by Nkc
Prena...heads up again bro.
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thanks again.
After you told me, I just went to yahoo finance. It is not looking pretty at all.
This reminds me of 2008 (except the oil being opposite, and Greece).
1. Retail plunged first
2. CHinese market down the drain
Of course, this time is it not stupid derivatives and subprime MBS.
People said market is not overpriced. Well, it seems like companies are still speculating that they can retain the earnings like consumers are on a Overdrive. We shall see if top/bottom will still sustain the high rev/profit momentum to maintain the EPS. Acceleration is most likely gone.