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Wall Street Expects Corporate Miracles in 2012, and That Means Trouble
Oleh:
Colvin, Geoff
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 1 (Jan. 2012)
,
page 26.
Topik:
Wall Street
;
Financial Crisis
;
Economic Recovery
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.47
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Brace yourself for an increase in stupid, misleading, or illegal action by U.S. companies. The trend is inevitable. In fact, odds are it's already under way. The problem is an old one, but we haven't seen it in a while, and memories are short. It's profit expectations -- they're insanely optimistic. Companies and the Wall Street analysts who follow them are forecasting profit increases that make Pollyanna look like Nouriel Roubini, which is not a pleasant image to contemplate. As managers strive desperately to make their impossible numbers, some will go astray. When reality catches up with them, investors will suffer. We saw it in 2006 and 2007, when analysts expected the global economic boom to go on forever. We saw it at a historic scale in the late '90s.
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