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Markets have a mind of their own and they do give advance indication and warning if they plan to do the unexpected. Last week we saw markets take a severe beating and but for the recovery on Friday, the first day of November futures series . ....
News Corp confirms 5% cut to global workforce, Q3 FY results down 2% YoY mumbrella.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mumbrella.com.au Daily Mail and Mail on Sunday newspapers.
s&p 500, it is down about 1.73% at 1432.13. and we had a flurry of disappointing earnings from companies like mcdonald s really fuelling this selloff on top of the weakness we ve seen in technology because of weak guidance, weak revenue growth. is this market finally ignoring the moves from the federal reserve and trading on fundament falla ales? let s get right to the discussion. mandy drury is with us. so is rick santelli. david, you say, first off, that the earnings haven t been all that bad. today until today. we re trading on earnings that have been not so good. 60% of companies are still beating earnings. expectations from portfolio managers like myself were very low going into the earnings reports. i think you ll begin to see when we see the fourth quarter and early 2013 that earnings growth will reaccelerate to the high single digit. that s probably the case for next year. in that type of backdrop where i give a double plus to valuation, you can stil ....