Wall Street Breakfast: Must-Know News [View article]
I read that 2/3 of companies reporting so far have beat estimates. And yet a vast majority of these reported losses or lower earnings and significantly reduced revenue. Beating estimates in this climate seems to me to be more a critique of they analysts' estimates (they were excessively pessimistic) than the positive spin it implies, that companies are doing better than expected.
Wall Street Breakfast: Must-Know News [View article]