reporting season bloodbath expected by analyst, page-6

"All of the four weeks of reporting we are about to get relate to an earlier time when things were better at the end of calendar 2008 -- none of these results will tell you anything about 2009," Mr Harman said.

"Even if things do settle down and it doesn't turn into a huge disaster, you are still three reporting seasons away from getting the worst of the data."

The above comment needs to be taken into account.

2009 will not be a good year for companies.