Short DAX at 7740
- Thread starter ASusilovic
- Start date
Peak to trough, we expect European earnings to fall 55% this cycle. On our forecasts, earnings start to recover in 2010, but only modestly, as global growth remains below trend.
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On our forecasts, the cumulative fall for market earnings is 55% in 2008-09 combined. This is significantly worse than the 25% peak-to-trough fall in the early 1990s and 46% in 2001-02. In addition, the recovery we expect in 2010 is lacklustre compared with those previous periods, mainly reflecting slow volume growth and low price inflation.
...
On our forecasts, the cumulative fall for market earnings is 55% in 2008-09 combined. This is significantly worse than the 25% peak-to-trough fall in the early 1990s and 46% in 2001-02. In addition, the recovery we expect in 2010 is lacklustre compared with those previous periods, mainly reflecting slow volume growth and low price inflation.
Profit taking 4063.00.
Trailing stop...
and too early....
Sarkozy Says G-20 Deal Not âSecured,â as Aso Criticizes Germany
Once again : I never look at round number levels...but I see some support at 3951.00.
