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Looking Out To August As July Melts: All Hell Will Likely Break Loose Next Week Going Into Earnings Season

Friday, July 5, 2013 7:02

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All hell will likely break loose next week going into earnings season.

Major wailing and gnashing of teeth – expecting the biggest drop of the year.

Will post more when it looks like a sure thing.

Wall Street Is Pretty Sure That Earnings Season Will Be Crappy

“21 May quarter end companies reported 2Q results, 62% beat consensus EPS w/ a 1.7% surprise in aggregate,” wrote Deutsche Bank’s David Bianco in a note to clients this week. “The surprise was slightly below the last few quarters. Aggregate y/y EPS growth was 7.9% and 5.8% for revenue; this would be healthy S&P growth, but early reporters normally exceed the S&P.”

Teetering On The Brink AGAIN: World Faces ‘Perfect Storm’ With Eurozone Crisis, Crappy Earnings Season, And China’s Cash Crunch

Bracing for an Ugly Earnings Season

The slowdowns in Europe and China are hurting corporate profits

http://investorplace.com/2012/07/bracing-for-an-ugly-earnings-season/

http://www.streetinsider.com/Earnings/Alcoa+(AA)+Confirms+Unofficial+Start+of+Q2+Earnings+Season/8464753.html

Forget QE Shenanigans: ‘Good Is Good and Bad Is Bad’

http://blogs.wsj.com/moneybeat/2013/07/02/forget-qe-shenanigans-good-is-good-and-bad-is-bad/

John Williams – We Are Beginning To Approach The End Game

With tremendous volatility continuing in global markets this summer, John Williams, of Shadowstats, released an incredibly important report which contained an ominous warning. Below is a key portion of this tremendous report, and King World News wanted to pass it along to our global readers:

Here is the ominous warning from John Williams of Shadowstats:

Beginning to Approach the End Game. “Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The financial system still remains in the throes and aftershocks of the 2008 panic and near-systemic collapse, and from the ongoing responses to same by the Federal Reserve and federal government. Further panic is possible and hyperinflation remains inevitable.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/3_John_Williams_-_We_Are_Beginning_To_Approach_The_End_Game.html

The Economy Is Quickly Headed South – QE 4 To Follow

Sure baby, mañana. It was always mañana. For the next few weeks that was all I heard––mañana a lovely word and one that probably means heaven. – Sal Paradise, main voice in Jack Kerouac’s “On The Road”

That famous line from “On The Road” came to mind after I read a summary of the Fed’s Bill Dudley’s speech today in which he admitted that the Fed is often “too optimistic” in its economic forecasts but that he himself saw a stronger economy in 2014: “Tomorrow and tomorrow and tomorrow…It’s a tale told by an idiot, full of sound and fury, signifying nothing” (Macbeth).

Read more at http://investmentwatchblog.com

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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

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