2012-08-04 — creditwritedowns.com
``In our view the market is starting to realize that central banks can no longer bail out the economy, and that successive easing moves have had diminishing results. As the economy continues to slide, corporate earnings estimates, as well as results, will come down sharply as well. We note the S&P 500 closed today at about at same level as in late February.''
Comments: Be the first to add a comment