Right now is not the acid test. The bankingresearch conflict isn't there. But it will come back.
More Quotes from Chuck Hill:
We forecast technology as a whole for 11 percent growth as of Jan. 2. As of March 20, it's at minus 7 percent.Chuck Hill
Overall, the quarter is going to be excellent. We think it will match the 23.6 percent earnings growth for the first quarter, which was the highest we'd seen since back in the fourth quarter of 1993. It's going to be a very good quarter for earnings despite all the pessimism here during the peak time of pre-announcements. But pre-announcements are running a little bit less negative than they usually do so I think it's a bit of an over-reaction.
Chuck Hill
The market is in denial about earnings. The story about small caps is that the Russell has consistently outpaced the growth rate for big caps since the second quarter '97, and the margin is widening.
Chuck Hill
Quarterly earnings are still made up to be too important, in my judgment. There's too much focus on the short term by far.
Chuck Hill
Communications equipment makers were by far the worst. The semiconductor guys were horrible, and hardware makers had a tough time. But software earnings were only down modestly. The software business will do reasonably well even in a lousy environment.
Chuck Hill
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General: I attempted to take Williamsport yesterday, but found too large a force of infantry and artillery. After a long fight, I withdrew to this place.
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Lust's passion will be served; it demands, it militates, it tyrannizes.
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