Earning Estimates Will Have To Come Down.
Tuesday, June 7, 2011. 9:25 a.m. A couple of months ago Wall Street economists were stubbornly sticking with their forecasts of 3.5% GDP growth in the 2nd quarter even though the 1st quarter had shocked with its drop to 1.8%, and economic reports had weakened significantly since. I predicted they would continue to stick with [...]
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