Whiskers
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Well, now we know what the yanks have been doing when they're depressed and can't got out to the Mall's!
J&J Posts 40 Percent Jump in 1Q Profit
Tuesday April 15, 10:21 am ET
By Linda A. Johnson, AP Business Writer
Strong Sales, Exchange Rates Help Boost Johnson & Johnson's Profit by 40 Pct in 1st Quarter
TRENTON, N.J. (AP) -- Health products maker Johnson & Johnson reported a 40 percent jump Tuesday in its first-quarter profit, due to higher sales of consumer products, favorable exchange rates and a research charge a year ago.
The New Brunswick, N.J.-based maker of contraceptives, medical devices, baby care items and prescription drugs reported net income of $3.6 billion
http://biz.yahoo.com/ap/080415/earns_johnson_johnson.html
Can't track it down but a report doing the rounds suggests that the odds of an Aussie recession are increasing... so tis would be a rumour, if the powers that be.. in bold blue.. let it through...
.............kauri
Well, now we know what the yanks have been doing when they're depressed and can't got out to the Mall's!
"Strong Sales, Exchange Rates Help Boost Johnson & Johnson's Profit by 40 Pct in 1st Quarter"
Nah, I'd say it's got to do with a new product line, and a new customer base. I mean, which high end employee from a US bank wouldn't want no more tears?
But apparently, this is the favourite of the new product line:
http://www.telegraph.co.uk/money/ma...08/04/14/bcngold114.xml&CMP=ILC-mostviewedboxWall Street faces the growing risk of an equities bloodbath in coming months as the credit crunch spreads to the wider economy and earnings crumble, according to a pair of grim reports issued by Goldman Sachs and Wells Fargo.
David Kostin, the chief US investment guru for Goldman Sachs, expects the S&P 500 index of Wall Street equities to plummet a further 15pc over the "near term" as companies scramble to lower their outlook for this year.
"Although only a few firms have reported first quarter results, early signs are awful. We expect a swath of lowered profit guidance," he said in a research note published today, entitled 'Fasten Seatbelts'.
Scott Anderson, chief economist at Wells Fargo, is equally pessimistic, describing the bullish views of some market players as "bordering on delusional".
"The equity markets have not yet priced in a prolonged downturn in economic growth in my opinion. We are still in the early stages of the credit crunch. Earnings estimates for the second half of the year are likely still far too high," he said.
Well, now we know what the yanks have been doing when they're depressed and can't got out to the Mall's!
LOL Great news, that's chicken feed (apparentlyHey, Citi only scrubbed out 6Bln... all systems go for a rally on that great news...
Cheers
..........Kauri
Just off to the local to buy one... I hope they take my Citi Card..LOL Great news, that's chicken feed (apparently), let's crack open a bottle of Dom.
I found this chart at http://www2.standardandpoors.com/spf/pdf/index/032508_homeprice_webcast.pdf which was released on the 25/03/2008 by S&P.
Some questions I’m contemplating at the moment are: Is the worst of the sub-prime mess behind us? How much bad news has the market already factored in? There's bottom pickers aplenty saying the worst is behind us. Should I be buying in? Is Wall St going to spill over to Main St? GE's results weren't good but Google's were.
“This is the time to buy stocks.” - R. W. McNeal, market analyst, New York Herald Tribune, October 30, 1929
Meanwhile, back in the real world, if that still exists???
Even if extimates of 20 the 30 Trillion are off a few , it's an awful amount of money to have to revalue with the current Fed policies in place , the has to be a dilutionary effect in products traded against its reserve status .
Then Ben could use his helicopter to drop fertilizer instead
This is one of the best articles I've read in a while, thought I'd share it.
Five signs the stock market has bottomed
http://www.marketwatch.com/news/sto...x?guid={EB79E9EC-DD5F-4884-A75C-17B9F907D48E}
Hey Uncle, are you still having doubts!?
the article pushes the consumer discretionary as a leading market indicator (do not disagree there) and a pic is worth a thousand words so.......
https://www.aussiestockforums.com/forums/showpost.php?p=227177&postcount=819
Not sure if it's the start of a new trend but some retailers saying they are doing it tough eg Pauls Warehouse and a few others resulting in job losses. Unemployment will be the best market indicator for AUS, so far holding up?
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