I thought closer to 8%. Maybe they'll do something different this time and revise 'up'. :)
So, the question now is, "why did so many companies NOT have blowout earnings AND are guiding lower"?
Ok, I guess there's another question. What will Q4 and Q1 GDP look like? Is it downhill from here? Was it a 'blow the wad' quarter? Or is this just the beginning of a great economic recovery?
ST: hibernating till Sept
IT: hibernating till Sept
LT: Bearish
It's over, yhoo said so.