Quote from d08:
Don't open the champagne yet, revenue dropped 8% y/y and it's trading at 2007 levels at the moment. Seems the analysts were underreacting for 2008 and are now compensating with overreaction (doomsday expectations).
Revenues are down for nearly every company except discount stores y/y. Your comparing things at the very beginning of the recession to the end. Yes, its trading at 2007 levels but the market is trading at 1999 levels.
