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Getting It Wrong: Analysts Contribute to the Current Downturn

Posted on July 04, 2008

Incorrect forecasts by brokerage analysts are contributing to the current downturn in the equity markets.Energy, finance and technology are the three biggest components of the large-cap index, and analysts have been constantly revising their estimates on oil and banking companies. Last week's miss by Research in Motion (RIMM) and cautious guidance by Oracle (ORCL) raised the possibility of technology earnings being a bit light in the second-half of the year....

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