Thursday, October 22, 2009

3Q Double-Digit Percentage Revenue Declines

As I have discussed previously, double-digit percentage declines in corporate revenues is a serious issue.

Many well-respected, broadly-based companies have posted double-digit percentage revenue declines for 3Q. This is highly significant in that we are purportedly in an economic recovery; as well, 3Q 2008 should provide a (relatively) easy comparable period as the economy was struggling.

SPX at 1078.7 as this post is written

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