Given the almost universal doom and gloom that's around at the moment and how everyone saying how terrible 2009 is going to be (sentiment not helped by that utterly ridiculous logo that the beeb use when discussing economics), I wonder what effect "news that is bad but not as bad as was expected" might have.
Example. The figures released by Next and M&S yesterday were taken as bad, but not as bad as they could have been. And Sainsbury's sales for the whole of Q4 (not just xmas) rose 4% from 2007 Q4.
My point is, if announcements on Q4 earnings continue in this vein, I wonder if and at what point people might say "hang on, this might not be as bad as we thought"?
Sorry to post something that isn't completely doom and gloom. I never was a sheep
'tis just a thought.
Example. The figures released by Next and M&S yesterday were taken as bad, but not as bad as they could have been. And Sainsbury's sales for the whole of Q4 (not just xmas) rose 4% from 2007 Q4.
My point is, if announcements on Q4 earnings continue in this vein, I wonder if and at what point people might say "hang on, this might not be as bad as we thought"?
Sorry to post something that isn't completely doom and gloom. I never was a sheep
'tis just a thought.
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