Tuesday, 20 March 2012 04:51

Market's Next Big Worry: A Dismal Earnings Season Ahead

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"An ominous cloud is about to hover over the stock market's feel-good 2012 story: Earnings season, which begins in just a few weeks, is shaping up to be the worst since the financial crisis."

-- It's a great time for a war, because just like the 2nd quarter earnings season last year triggered all these defaults (exactly as I predicted last April), this earnings season should be twice as bad or worse as infinite growth drives towards... capitulation. And with another devastating round of economic collapse, which might well be worse than 2008, the downfall of the west will be pretty much apparent anyway.

But then China, and the rest will follow immediately. So... fuck it. Attack Iran. -- MCR

CNBC article

 

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