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Among Byron Wien's 10 surprises for 2013 is a profit margin squeeze amid limited revenue growth,...
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Wednesday, January 2, 1:32 PM ETAmong Byron Wien's 10 surprises for 2013 is a profit margin squeeze amid limited revenue growth, sending earnings lower and taking the S&P below 1300. Darlings today after a big 2012 run, financial stocks have a rough time of it amid intense banking competition and low trading volumes. Read the list for fun, but his "surprises" generally fare about as well as a stopped clock.
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Because he is normally what most folks call a perma-bull so for him this is a major change in tone.
Last year he said S&P would close above 1400.