The critical question isn't are we having a lot of negative pre-announcements, but are we having more or less than normal.
More Quotes from Chuck Hill:
Right now is not the acid test. The bankingresearch conflict isn't there. But it will come back.Chuck Hill
In addition to a slowing of consumer and capital spending, it may be that current PC products are running out of gas. I haven't even thought about upgrading my PC for several years. You used to have to upgrade all the time because you ran out of memory or needed faster processing.
Chuck Hill
But this decline is deeper. You could make the case that this is the worst earnings decline since World War II.
Chuck Hill
FD was implemented at the worst possible time to determine its effect.
Chuck Hill
It always takes a toll. These are the peak weeks for warnings and it's going to be worse than normal, but we probably need a little of that.
Chuck Hill
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