Losses From Financial Sector Cause Worst Quarterly Profit for S&P 500 in 6 Years
NEW YORK (AP) -- It doesn't take highly paid Wall Street analysts to figure out why corporate earnings are trending toward their worst performance in six years. With roughly half the companies in the Standard & Poor's 500 having reported fourth-quarter results, banks and brokerage have proven to be the biggest drag on the overall earnings picture. Profit declined 22 percent from the year-ago period for all the S&P components -- but, stripping out banks and brokerages, earnings for the index's component companies would be up almost 12 percent.
We Are Expecting Flat Opening Opening @ Opening Bell On 04th Feb , 2008 ,
And
WE EXPECTING OPEN WILL BE Either @ ABOVE 5314.05 Spot Level Or @ Below 5246.45 Spot Level As Market Is Now Very Volatile .
If Nifty Spot Will Open @ Above 5314.05
And
After That Sustain @ Above 5328.15 [ Trend Reversal Level ]
Then Only Go Long @ HIGHER Level
And
U .L . TGT :: 5365.05 \ 5438.85 Spot Level ,
But If Not Sustain @ > 5328.15 ,
Then Wait For Cooling Down
And Will Take A Long Position @ > 5246.45 With A Trailling STPL @ 5204.00
@ Above 5365.05 It Will Be Very Positive
But....If It Will Open @ Below 5246.45
And
Could Not Sustain @ Above 5246.45 Spot Level
Then It Will Be Negative
And Weak....
Lower Level TGT :: 5204.00 \ 5183.05
And
Remember At Below 5154.40 Totally Negative All Levels Are Spot Level
Only Above 5328.15 Mktg Will Soon [ In The Short Term 2 To3 Days ] , Will Touch A High [ Min 5651.90 Spot Level ]
Only Above 5328.15 Mktg Will Soon [ In The Short Term 2 To3 Days ] , Will Touch A High [ Min 5651.90 Spot Level ]
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