J. D. Swampfox

Imagine This Scenario for Earnings Estimates

Old Trader
Your argument is exactly the same as Morgan Stanley's in its bearish call for stocks.
See pragcap.com/analyzing-...


On Jul 24 08:39 AM Old Trader wrote:

> Given that analysts seem to be consistently a day late, and several
> dollars short, and cut estimates too far the last time around, resulting
> in the setting of a low bar, is it unreasonable to assume they will
> err in the other direction on the next go-around? An excess of optimism
> sets up the real possibilty of earnings misses for the next reporting
> period, and very possibly the year.