Tuesday, July 20, 2010

The 'New" Normal

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In this past Itz Weekend Market Review, I posted the following observation on recent earnings releases; "Earnings expectations are good but the guidance and top line revenue numbers from those that reported last week are not exciting."

Pimco's Mohamed El-Erian told CNBC reiterated that same view this morning on CNBC. "Investors are dissatisfied with earnings because companies are showing strong bottom lines but not enough growth in revenue."
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