earnings are ok cause they've sacked everyone!....probably main point is different performances accross the sectors.....e.g the decreased earnings of BoA and JPM have been offset by pharmaceuticals...Pfizer, JnJ and Merck...when comparing 2007 results with 2010 projections
but overall earnings are projected to recover during 2010....
there isn't a lot of resistance between 38% and 50% and even 61.8% retraces
mae & mac monday, page-4
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