No Meaningful Market Pullback Following QE3205 views 2012-10-12 23:36
Clark also notes that
for the last few quarters, railroad companies have been reporting declining
volumes of coal, partially due to a slow U.S. economy but mostly because of
cheap natural gas prices.
Corporation announced that its third-quarter earnings will be lower than its
2011 third-quarter earnings, mostly due to volume declines of coal and
merchandise,” reports Clark.
In the article “Stock
Market: Will it Heed the Warnings?,” Clark
concedes that there has been good news for this upcoming earnings season in
spite of many meaningful earnings warnings.
“NIKE announced another share buyback program,
totaling $8.0 billion over the next four years,” points out Clark.
“Over the last 10 years, it has purchased some $10.0 billion of its own shares,
representing over 167 million shares.”
However, Clark believes that overall, the stock market is a little ahead of economic reality. While other investors might like to be ahead of the current reality, Clark suggests a subdued outlook is more realistic because earnings aren’t growing.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to
predict that the U.S.
economy would be in a recession by late 2007. The daily e-letter correctly
predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on
stocks in March of 2009 and rode the bear market rally from a Dow Jones
Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain
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