FastSaying

If powerful upward earnings estimate revisions have not been able to drive equity prices higher, we suspect that downward momentum in such estimate revisions may cause further stock market weakness to emerge in the next few months.

Related Quotes

I think we're still in a tough period for corporate earnings. And the downward revisions [for second quarter profits] have been accelerating.
— Chuck Hill
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The recent tech gains were supported by a wave of upward revisions to earnings forecasts. But for those shares to go further from here, investors need to know how they are going to perform next year.
— Takashi Miyazaki
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When one conducts himself in the wrong direction, he goes downward and his conduct in the right direction will take him upward!
— Dada Bhagwan
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We have to see how far downward revisions go. You better fasten your seat belt as we go through that...What's been going on, is there was a sort of misplaced euphoria.
— Chuck Hill
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While many are focusing on the infamous bankrupt entities as the primary culprits for the market losses, once must recognize that several companies that have not been besieged by fraud allegations have also lost billions in value.
— Tobias Levkovich
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