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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