If you look at things in a one- or two-year time frame, they are not as bad as they seem but executives are emphasizing the here and now.
More Quotes from Subodh Kumar:The market is now factoring in that first-quarter earnings will likely be below consensus. And the reality is that economic growth is probably going to be between 3.5 percent and 4 percent, which is good but maybe not as strong as what some people were hoping for.
It's easy because the euro is so visible, ... And besides, in the tech sector, you can't really blame oil prices.
Usually, the groups under stress bounce the most at a bottom since they would benefit the most when the economy improves,
Generally, I don't think it will be a damper on earnings. There are some things you can measure like near-term revenue loss because restaurants have been shut off and stores have been shut off. But if you look at previous disasters like Hurricane Andrew, the expenditure on replacement of homes and capital goods and spending on things like supplies for workers was quite strong.
With companies like GE we expect earnings to remain strong through next year, where the momentum with tech may begin to slow.
Some of the content parts of the media side like Seagram and Thomson seem to be benefiting so it seems fairly wide spread,
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At one point, they offered me this part to play a drug-dealing, gun-selling butch lady. I don't know how to describe her but she had like a crew cut and stuff. I was like, 'Is this a joke?' And they said, 'No, we think it would be great because everyone would be like, 'Oh, look at what we've done to Charlotte.' I was like, 'Well I can't do that!'
What do I wear in bed? Why, Chanel No. 5, of course.