News Snapshot:
US500 +0.30% Add to/Remove from Watchlist Back in October, I wrote about the looming global earnings recession. And while the media’s busy focusing on the world’s banking issues (which will only amplify any economic downside), the earnings situation hasn’t gotten any better. Actually, it’s much worse. But before going on – what exactly is an earnings recession? Simply put, it’s when corporate profits across major sectors fall year-over-year for two or more quarters. So, while global demand keeps dropping and world trade declines, it appears an earnings recession is baked in. But it’s not. Even in the face of disappointing...
