October 29: Market Risk – US Equity Markets Likely To Fall As Earnings Estimates Keep Dropping
Location: New York
Author:
Date: Tuesday, October 29, 2002
US stock gains over the last three weeks have been impressive, with the S&P 500 rising 16% last week. This gain is unlikely to continue this week, as stocks are at risk from the fact that fourth quarter earnings estimates are deemed as too optimistic.
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