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The Week Ahead: Waiting for more shoes

November 10, 2008 6:15 am

Upwards of 65% of the S&P 500 companies have reported thus far and we have been continuing to see disappointment after disappointment. It is estimated that profits for the entire index will come in 11.7% lower as compared to last year.

Many of the real problems have yet to be reported as companies have only started to feel the effects of the significant drop in sales which accelerated through October. This week will probably add to concerns about the near term outlook as we continue to accept that this will not be a V-shaped recovery. By all accounts, this is simply the start of a much longer slowdown that will require continued intervention in order escape the worst feared outcome. Even so, there are some opportunities to profit as stocks will bounce around, even in the ugliest of market conditions. Here are a few ideas.

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Written by Andrew Horowitz · Category(s) Earnings, Economy, Markets, Strategy    |  Tags: • •   

2 Responses to “The Week Ahead: Waiting for more shoes”

  1. Mamps on November 10th, 2008 7:17 am

    I’m sensing a them here… Is there actually any good news left on the horizon to make me want to stay away from SDS?

    Question 2: This was not a market where most individuals had jumped back in since ’01 and ’03 are so recent. But what about the rest of the world? How heavily invested were individuals in China? Are we approaching a case where the US markets, while horrible, are not going to accelerate a global collapse? Instead, what were fast growing international markets may make this a deeper and prolonged global recession?

  2. Andrew Horowitz on November 10th, 2008 11:24 pm

    Mamps:

    Individuals through mutual funds and hedge funds have a big piece in China.

    I believe a long and deep recession…as long as governments play their cards right…

    A

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