|
Orlando: "The stated expectations for earnings in the first quarter were that revenue and income would break even. The thinking was that the economy was slowing and margins had peaked. But we've had a much better earnings season, which reflects the strength of corporate America. The outlook is cautious since we don't know how the economy will fare." Greenhaus: Companies have been reporting stronger first-quarter earnings over the past month but it's been little help to the stock market. That was to be expected following the S&P 500 index's 12 percent rally in the first three months of the year. "The fact that companies beat earnings expectations isn't news. That happens every quarter. This time, expectations got so low there was no way they couldn't get beaten." ON EUROPE: Tanious: "The crisis in Europe is far from over. Due to the austerity that many of these countries are implementing, we continue to believe that Europe is going to be experiencing a mild recession this year. ... You have to wonder when this popular uprising of anti-austerity feeling is going to transfer into public office." "Markets never move in a linear fashion. There are a lot of headlines out there and a lot of risks that are likely to lead to increased volatility throughout the year."
Orlando: "The recurring theme in these upcoming elections is that they need to rethink policy in Europe about how to deal with the euro zone debt crisis. ... They need to figure out a way to stimulate private economic growth to offset the drag from imposed government austerity." Greenhaus: In France, the Socialist Hollande stands a good chance of beating incumbent Nicolas Sarkozy, who has been at the forefront of efforts to avoid a collapse of the region's shared currency along with German Chancellor Angela Merkel. "How you campaign and how you govern are always two different things. So what policies (Hollande) will pursue are unknown. Of course, financial markets prefer the known to the unknown."
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor