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Archive for February, 2009
The Honest 10 Percent
February 2009 – Despite slowly improving conditions in credit markets, company profit forecasts point toward very difficult economic conditions in 2009. Indeed, companies have been announcing profit warnings and layoffs almost daily. The stock market is in for a rocky ride, as we’ve seen so far in January, and faces a nasty recession for possibly another twelve months until it starts to recover.
Posted in Market Commentary
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