remember such a wonderful picture from MS? disagree, what should have expected the growth of rates when the morgana were waiting for it,
but one could expect a curtailment of incentives and, in general, a tightening of fiscal policy, plus a really rise in rates in emerging and commodity economies. so I didn't really mind the & quot; we are here & quot;.
pity, that there is no drawing at hand, but before 2010 morgan (the one who was standing) had one of the most negative views on corporate profits, most bulish was another morgan, which G.P. Morgan.
now it's a surprise:Morgan Stanley now estimates that Standard & Poor’s 500 profits will grow 35% in 2010, Citi expects 26% and the consensus of the analyst community calls for 31%.
something like the reasons here:
(links from )
and some more fun from Morgan.
10% corrections happen once a year. main reasons:
1) acceleration of inflation (not now)2) decline in profits (not now, times growth by 35%)
3) Irrational exuberance (not now, In general, few people believed in shares)
what confuses, this is ignoring fiscal tying.
for some reason, rumors about the second Chinese package in the summer come to mind,
although he seemed absurd in the spring, but it's worth being afraid of..
UPDATE: picture with predictions street start ode to profit
